This aspect – forging a new currency that does away with central banks 1/5  BIS central bankers' speeches  – has become a major talking point in the current debate.
With the number of employees rising, employee income has been increasing moderately, and growth in household income has continued to be further supported via various other channels, for example, increased dividends. Meanwhile, wages have been somewhat weak recently, reflecting labor cost restraint by firms in the face of greater exposure to global competition and capital market discipline, and increased materials prices.