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No, you have gotten it all backwards. You are only allowed to use the more efficient market rationale when are you defending low wages and higher prices for reg
by wnevets 4y ago
No, you have gotten it all backwards. You are only allowed to use the more efficient market rationale when are you defending low wages and higher prices for regular people. Regular people getting higher wages is seen as a disease that must be stopped at all cost. [1]
[1] https://www.bloomberg.com/news/articles/2022-03-17/powell-treads-tricky-path-in-saying-wages-are-rising-too-fast https://www.bloomberg.com/news/articles/2022-03-17/powell-tr...