Since the 1970s, economic restructuring and shifts in industries have morphed the occupational path of workers, curbing socioeconomic mobility for many-wages of African-American workers which have trended upward in the 1960s and 1970s started stalling beginning in the 1980s. As Hispanic/Mexican...

The authors conduct an empirical analysis of the role of labor market activities in inflation and conclude that wage growth is not very informative for predicting price inflation. But price inflation does seem to help predict wage growth