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Not if the fed has anything to say about it. The plan now is to let it crash since hourly workers have gotten uppity and are refusing to work terrible jobs for
by willcipriano 4y ago
Not if the fed has anything to say about it. The plan now is to let it crash since hourly workers have gotten uppity and are refusing to work terrible jobs for even worse pay. All the talk of "wage price spiral" and all that shows their hand.
- zaptheimpaler 4y agoIts incredible to me how more people don't revolt just watching Powell talk. He flat out does not acknowledge the possibility that wages should rise due to increased productivity. Any wage increase is just a sign of inflation.
- coliveira 4y agoThe whole goal of the Fed is to keep salaries down. The reason is that inflation is measured only on household items that can be bought by low income families. You don't see the Fed worrying about inflation in housing, in stocks, and investments in general. That inflation they consider to be good.