Remove 2002 Remove Consumer Demands Remove Warehouse
article thumbnail

Government Contracts Inflation Update

Procurement Notes

Further, higher labor costs also support higher consumer demand. Consequently, higher labor costs can also create inflationary pressure at the consumer level. 53] Adam Hayes, Taylor Rule, Investopedia.com (June 24, 2002), available at [link]. [54] This is because labor is typically a major cost element in pricing.