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> And high unemployment due Sorry, that meant to say “high employment due to a disabled workforce”. Text to speech error. I don’t know opinion about the 2% ra
by FollowingTheDao 3y ago
> And high unemployment due
Sorry, that meant to say “high employment due to a disabled workforce”. Text to speech error.
I don’t know opinion about the 2% rate, it’s just wet the Fed names for. They’ve said it over and over again that that’s the goal. And you can say it’s made up butt inflation at 4% is unsustainable when wages aren’t rising at the same rate. And when wages do you start to rise?
- toomuchtodo 3y ago> And when wages do you start to rise? When workers organize and unionize, which they are not doing fast enough (imho) considering the leverage available to them (due to structural demographics previously mentioned).
- FollowingTheDao 3y agoYeah sorry I kind of garbled that sentence. That’s my point when inflation, rises and ploy is unionized, and we just go up. And then wages go up there’s less profit for the company so either there’s an economic downturn or there’s inflation again. So the people who control the economy are trying to balance this level between corporate profit and work or revolt. And that has been the so-called 2% sweet spot.