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Global Macro Monitor 
Trickle down lives! How did that work out, lol.
Barry Sternlicht, the founder and CEO of Starwood Capital, told Fortune last September that even if rising wages push inflation higher, that might not be the worst tradeoff.
“I think the whole dialogue is wrong. I don’t think we need 2% inflation,” he said. “I mean, inflation that is driven by wage growth is fabulous. We should want wages to go up—that will help social issues in the United States. It’s the trickle-down that we’ve all been waiting for with low unemployment.”