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Sounds to me like you’ve already made up your mind if “rates do not matter”. Because objectively they do.
by throwaway84742 9y ago
Sounds to me like you’ve already made up your mind if “rates do not matter”. Because objectively they do.
- AnimalMuppet 9y agoAstralStorm's point is somewhat divergent from the thread of the conversation. It is that, for playing "catch-up" to years of wage stagnation, this month's wage growth rate doesn't mean much. We need years of high wage growth, not just one month or even one year. In this sense, AstralStorm is right that instantaneous rates do not in fact matter. And you sound like you're going to just label everyone who disagrees with you as having their mind already made up, rather than actually thinking about what they say. That said, the original discussion was about the rate of wage growth as a measure of how tight the labor market is. In that sense, the instantaneous rate is fine. So why am I harassing you about your answer to AstralStorm, when AstralStorm was disagreeing based on something that was outside the scope of the discussion at hand? Because of the way you answered, with dismissiveness rather than actually thinking about the point raised. That's not cool.