4 ms·
The system is out of whack. Price stability needs to happen. If you only look at the issue from how easy of a time does labor have getting a job, then sure.
by frumper 4y ago
The system is out of whack. Price stability needs to happen. If you only look at the issue from how easy of a time does labor have getting a job, then sure. Going from stupidly fantastic to great is worse.
The world is more complex and these workers are all seeing the economic value of their labor shrink even as they earn more money. The economy needs some semblance of balance. They'll feel better off if potatoes don't cost twice as much next year.
- dragonwriter 4y ago> The system is out of whack. Price stability needs to happen. Yes, that’s an argument for why one might wish conditions to become more adverse to labor (and its fairly expressly the argument underlying current monetary policy, and that adversity to labor may sometimes be desirable in setting monetary policy is central to the Fed’s dual mandate.) That doesn’t change that it is wishing conditions to become more adverse to labor.