21. "I expect the wage inflation to drive a little price inflation, " he said. 22. The worry is that unremitting tightness in a labor market could lead to wage inflation . 23. Counting on a pickup in wage inflation to lift pay may be the wrong strategy. 24. "We have to keep our attention focused " on signs of wage inflation , he said. 25. In addition, Keynesians posited a Phillips curve that tied nominal wage inflation to unemployment rate. 26. But Friday's report raised the possibility that those profits might be squeezed by wage inflation . 27. Six months down the road, Serkes says he sees wage inflation putting pressure on prices. 28. But as wage inflation fears begin to surface, the inflationary outlook may be more concerning. 29. Bond prices rose Friday as the September unemployment report indicated wage inflation remains under control. 30. And it raised the specter of pending wage inflation .
