The logic only works because we're coming out of a period where workforce participation fell off a cliff. Rising CoL because of energy and inflation -> people

The logic only works because we're coming out of a period where workforce participation fell off a cliff. Rising CoL because of energy and inflation -> people need the jobs more badly -> more labor available -> reduce wages And before anyone tries to score a few easy points building a strawman, I'm just explaining the logic. I'm not endorsing it or saying it's ethical.