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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Importing people to beg on the streets isn’t good policy either. Woman outside Giant yesterday near a ‘help wanted’ sign, with her own sign begging for money, her child playing on the railings next to her. I pointed to the sign and said “they are hiring”. [/quote]

Hope they pay enough for her to afford child care in addition to her other expenses. [/quote]

Weird that Republicans expect everyone to be in the workforce yet do not support childcare.[/quote]

Why allow someone who has no obvious skills into the country to begin with, especially when they have dependents?[/quote]

Xenophobia isn’t the answer to America’s problems. [/quote]

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