The Phillips Curve, which posits an inverse relationship between unemployment and inflation, has historically been used to argue that wage increases (as a result of lower unemployment) lead to inflation.
Yet, this relationship has been increasingly questioned. During the 1970s, for example, man
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Oluwatobi Ojabello and Wasiu Alli
Oluwatobi Ojabello, PhD, is a dynamic and multi-dimensional Assistant Editor for Economy and Markets with over two years of professional journalism experience. He delivers authoritative, data-driven coverage of fiscal policy, financial institutions and capital markets, using clear analysis to explain Nigeria’s most complex economic developments. His work focuses on macroeconomic policy, financial stability and corporate performance, turning technical issues into accessible narratives that inform both experts and everyday readers.
