3 ms·
Overly strong employment isn't necessarily ideal. We could have official 0% unemployment by just paying people to stay home. Labor shortages and unchecked wage
by bequanna 4y ago
Overly strong employment isn't necessarily ideal. We could have official 0% unemployment by just paying people to stay home. Labor shortages and unchecked wage growth supports inflation.
- JumpCrisscross 4y ago> strong employment isn't necessarily ideal Sure, but if it doesn’t cause inflation it isn’t the Fed’s problem. In theory, it’s tough to square a tight labor market with moderate price levels. But we’re seeing a strange resilience in hiring as tech’s bubble projects and their employees absorb the bulk of the pain.