The hiring cycle has thrived due to a substantial depletion of the inflation-adjusted price of labour in 2021-2022, which may lead to a firing spree once inflation starts to come down and real wages start to go up. Will the labor market finally cave in due to falling inflation?
![Out of the Box #5 – Will the hiring cycle end due to falling inflation?](https://stenoresearch.com/wp-content/uploads/2023/04/Outside_The_Box-1080x675.png)