Is monopoly power one of the reasons that the equity markets remain high nearly 10 years into a bull market? It is something I have begun to wonder about recently, since a lack of wage inflation is a key reason that the Federal Reserve is not moving faster to raise interest rates. A rate rise off the back of inflation is one of the most reliable ways to pop a market bubble. Yet many economists believe that one of the reasons that wage growth — a typical driver of inflation — remains relatively flat despite unemployment being at nearly pre-crisis lows is because of job-disrupting technology itself.
垄断力量是不是股票市场保持近10年牛市的原因之一？这是我最近开始思考的一个问题，因为，美联储没有加快升息步伐的一个主要原因是，薪资上涨停滞。在通胀支撑下升息，是刺破市场泡沫最可靠的手段之一。然而，许多manbetx20客户端下载 学家认为，尽管失业率接近危机前的低点，但薪资增长——推升通胀的典型因素——仍然不温不火的原因之一是，抢走人们饭碗的技术本身。