4 ms·
> we printed money and it helped. I mean, did it? What evidence do you have for this claim? Vaccines absolutely helped. But now everyone's wages are going dow
by diognesofsinope 5y ago
> we printed money and it helped.
I mean, did it? What evidence do you have for this claim?
Vaccines absolutely helped. But now everyone's wages are going down -- it was basically ~$3k stimulus checks that were actually loans with a 400% interest rate.
Real workers wages are falling. Inflation fundamentally increases inequality, i.e. people who own assets watch the value of those assets increase while people who work for income watch their income fall.
- CPLX 5y ago> What evidence do you have for this claim A tight job market > now everyone's wages are going down Not the people that just got jobs > Inflation fundamentally increases inequality Not nearly as much as unemployment does