Reply to Wages, Inflation, the Fed, and my sad takeaway

Forum Index » Political Discussion

Reply to "Wages, Inflation, the Fed, and my sad takeaway"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]For years American workers saw no wage increases. Finally that trend turned around and workers started to see wage growth but then inflation kicked in due to Covid, the pandemic backlog of shipping containers, the war in Ukraine, and stimulus packages. The Fed then increases rates to tap down inflation, which causes businesses to start having layoffs. The Fed can’t have inflation and solves to by having businesses lay off workers. The Fed can’t have everyone working because of inflation. There must be unemployed or underemployed people. Wage growth can’t happen too much or else inflation happens. My takeaway is there has to be a underclass in order for our system to work. [/quote]

This is why capitalist democracies need to tax enough to have livable minimum wages, universal health care and access to higher education.

Not sure I would blame the fed for all the problems. They are trying to create safety nets for both the poor/ vulnerable and business sectors.

Interestingly, many companies with progressive management policies (good work conditions/ good wages and profit sharing/ listening to concerns of employees) are highly Competitive and perform well as their work forces tend to be highly Motivated and loyal.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics