RT @[email protected]

People are slowly, very slowly, coming to the realization that any system in which "More people have jobs" and "Wages went up" are treated as bad news is a deeply, irrevocably broken system. https://twitter.com/kaileyleinz/status/1598670973091323909

šŸ¦šŸ”—: https://twitter.com/edburmila/status/1598719479176785928

Kailey Leinz on Twitter

ā€œWOW. 263k on payrolls, blows past the estimate. Fed's not gonna like that and the market doesn't eitherā€

Twitter

@sarahtaber @marick that’s disingenuous. The problem is the increasing prices which are inherent in the other indicators. šŸ˜‘

What’s the point of being disingenuous about that? Prices keep going up and that’s the greater concern at the moment. I know that doesn’t push a political narrative though, that’s just how things tend to work.

@adron @marick Prices aren't just ~mysteriously going up,~ at least half of it's being driven by corporate rent-seeking [charging higher prices strictly bc they can due to lack of competition, not bc supply chains & labor are more costly.]

So trust busting, for ex, would be a great solution. It's not just prices magically going up LOL

@sarahtaber @marick well, it’s not mystery but it’s also not *just* rent seeking. It’s long logistics times, longer times to market, underlying costs have gone up, and the cavalcade continues. The *greed* aspect is one thing, but it is only one thing.

But also, I’m not disagreeing with that. My contention is to paint the ā€œlet’s make fewer jobs to stave off inflationā€ narrative like it’s a real thing is disingenuous.

Obviously…

@sarahtaber @marick what we want is high demand for jobs so seekers have power, but also to not have continually spiraling prices. The tool they have at the immediate moment is the stupid Fed Reserve interest rate. No politician seems even slightly brave enough to get into trust busting and cracking down on *greed* right now. I agree with ya, some trust busting and monopoly smack around would do good right now…
@sarahtaber @marick I just don’t think painting the narratives hyperbolically or disingenuously help push real change. Albeit I could be wrong, Trump got elected and I didn’t see that inane bullshit happening either. šŸ˜ž