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This is a wildly uninformed take. While some workers may benefit from inflation, price instability is more likely to benefit corporations and hurt consumers eve
by Aunche 4y ago
This is a wildly uninformed take. While some workers may benefit from inflation, price instability is more likely to benefit corporations and hurt consumers even more, hence why the left is meming about record corporate profits. Unemployment is the measure of people who are actively seeking a job, but can't find one. Financially independent people don't count as unemployed.
- ClarityJones 4y agoWage Growth != Inflation. Wage Growth = Value / Share++ (i.e. workers obtain a larger share of value generated by their work) Inflation = Shares++ / Value (i.e. the same value is split into more shares / dollars) Maximum employment != minimal unemployment. Maximum employment == maximum labor force participation + minimal unemployment.