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That seems extremely hypothetical. Sure, in specific anecdotal places/times wages got frozen and employment stayed fixed, but I don't think _anyone_ expects tha

That seems extremely hypothetical. Sure, in specific anecdotal places/times wages got frozen and employment stayed fixed, but I don't think _anyone_ expects that to happen at a national level if the policy goal of the day is to "soften labor conditions". The expectation is higher unemployment. I think most people understand this.

JumpCrisscross 4y ago
> seems extremely hypothetical It’s literally what we’re seeing right now. It’s not the norm, but it’s precedented[1], most recently in America in the 90s. [1] http://pombo.free.fr/phillips1958.pdf http://pombo.free.fr/phillips1958.pdf Figure 1