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Yep, and when the free market sets up conditions to allow those people to be slightly less desperate the Fed will chime in about how unemployment is too low and
by sophacles 4y ago
Yep, and when the free market sets up conditions to allow those people to be slightly less desperate the Fed will chime in about how unemployment is too low and we need more desparate people, while the wall st pundits go on and on lamenting how rising worker prices might mean that the companies make profits that gasp don't set records. Because apparently the only measure of a good economy is record profits - regular profitable businesses just don't cut it anymore.
If you find this worrying, don't - someone will be along shortly to spend a lot of words proving that this situation (the one where we require desperate people to exist so Elon and Jeff can make a few extra $billion) is somehow the best.
- diordiderot 4y ago[flagged]