Boiling point

America’s overheating economy threatens to scald us all

America is teetering on the edge of an inflationary event horizon. Like an inflamed appendix, the jobs market is bursting at the seams. Bosses and the government must fix the problem before it goes boom. Workers, irked by microscopic raises and plummeting living standards, will demand higher wages. Unless companies accept lower profits, a wage-price spi…