Justin Lahart

speaker

1,185 appearances 22 recordings 1 series first heard Jul 2017 last heard Dec 2024

Justin Lahart’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Rising Wages: A Risk to the Economy, Too · 27 Feb 2018 podcast

Yeah, it's huge. voice-verified

So how are you going to, you know, you have to think about competing against that. voice-verified

If you raise prices in that environment, well, maybe more of your customers just go online. voice-verified

So that makes it very hard for people to raise prices if they want to remain competitive. voice-verified

And, of course, we've seen online marketplaces, right, that's not just in traditional store retail now. voice-verified

People are going to everything, right? voice-verified

They're going into food, right? voice-verified

They might be going into medicine and prescription drug delivery, that kind of thing. voice-verified

So that's just a huge difference. voice-verified

Yeah, it's going to be difficult for them. voice-verified

Now, you also have to remember that profit margins are super-duper high right now. voice-verified

And they're going to be even higher because of the corporate tax cut. voice-verified

So they do have an ability to absorb some wage costs within their income statement. voice-verified

But for investors, it might not be exactly what investors expect. voice-verified

So it could be challenging for stock prices if that happens. voice-verified

Right now, we think, well, the Fed thinks that it's going to raise rates three times this year. voice-verified

And there's some thought that maybe it's going to be four times instead. voice-verified

We'll see when they next meet. voice-verified

Now, if there's more inflation, for sure, the Fed's going to raise rates more. voice-verified

If inflation doesn't really perk up, but they see wage growth, they're probably going to stay on course, right? voice-verified

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