Is the U.S. Hurtling Toward a ‘70s-Style Wage-Price Spiral’?

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A.M. Edition for Feb. 11. Soaring inflation and rising wages are leading some economists and politicians to warn of a prolonged cost-of-living crisis reminiscent of the 1970s. The WSJ’s Jon Hilsenrath explains the anatomy of a wage-price spiral, how experts view the current situation and the options for policy makers if they feel the need to intervene. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices