Mastodawn

L O L G O P Jan 15, 2023

One thing I was everyone would be more honest about is that the Fed is trying to put millions out of work to force workers to accept lower wages.

RT @[email protected]

There is no US labor shortage. That’s a myth | Robert Reich https://www.theguardian.com/commentisfree/2023/jan/15/there-is-no-us-labor-shortage-thats-a-myth?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1673782456

There is no US labor shortage. That’s a myth

There is, however, a shortage of jobs paying sufficient wages to attract workers to fill job openings

The Guardian

@lolgop The biggest effect of higher rates so far has been a slowing housing market. Prices and rents coming down is a good thing, IMO. If they start to ease soon, then the jobs market should be fine. If they keep tightening, I think it will become a problem.