Robert ReichFed Chair Powell’s solution to inflation is to clobber workers: “The labor market continues to be out of balance, with demand substantially exceeding the supply of available workers,” he says. But if the demand for workers exceeds the supply, isn’t the answer to pay workers more?
James M.@rbreich I'm still waiting for the "poor people are lazy" crowd to realize that US economic policy has always been to ensure that some percentage of people are unemployed, because it's "good for business".
Given that our safety net is so weak, that makes us a gladiator economy. :(
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