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I don't think that's different than what I said. Wages started increasing and the economy started to fall apart prompting the Fed to step in. That means that th

I don't think that's different than what I said. Wages started increasing and the economy started to fall apart prompting the Fed to step in. That means that the system is broken. There is no way for the lower class to get ahead. If they make higher wages then prices will simply increase so that they aren't actually ahead.

refurb 4y ago
Of course there are ways for the lower class to get ahead - economic growth without high inflation. Like I said in another comment, if wages were going up in a low inflation environment, the fed wouldn't be concerned at all.