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The most direct way that the U.S. government can control inflation is via layoffs of federal workers. Private companies are jumping on the bandwagon to get rid
by nis0s 2y ago
The most direct way that the U.S. government can control inflation is via layoffs of federal workers. Private companies are jumping on the bandwagon to get rid of hires made during more booming times. The fact is that higher interest rates have cooled down investments, which factors into the decisions made by companies to fire staff. Note though that companies which actually build stuff, like Apple, are adding jobs, instead.
- kahirsch 2y ago> The most direct way that the U.S. government can control inflation is via layoffs of federal workers. I'm not sure what you're claiming here. Civilian employees are less than 3% of federal spending, so it won't have a measurable effect on spending. Some employees, like IRS employees, bring in revenue.
- deleted 2y ago[deleted]