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][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]

DP
That is not xenophobic at all.  Shouldn't we want to welcome people here who have something to contribute to society?  Shouldn't we want people who have skills or a desire to work and who follow our laws?[/quote]

Do you recall the poem on the Statue of Liberty? Maybe have a heart and google it.

Here, I will help:
[i]
Give me your tired, your poor,
Your huddled masses yearning to breathe free, 
The wretched refuse of your teeming shore. 
Send these, the homeless, tempest-tossed to me, 
I lift my lamp beside the golden door! [/i]

Someone in your family, PP, was allowed into the country and unless they came over on the Mayflower, didn't have much to offer and likely didn't speak English...

[/quote]

That’s where you’re wrong. The came over in late 60s, spoke English, and paid for the privilege. You had to have a sponsor, and a job. It costs @$2500 in 1968 dollars, so not cheap. Don’t let the facts get in your way though. [/quote]

My family came over before the American Revolution. But I love how you think you’re better than current immigrants. Ridiculous![/quote]

One substantial branch of my family was here since the Clovis Period. [/quote]

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