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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"
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[quote=BlueFredneck]What's the Republican solution, though? Raise up interest rates and trigger another recession? If we're looking at 10-15% inflation in 2023, I'm thinking that may end up being our last resort. Take away income (i.e. the child tax credit) from a few who can weather its loss and many who probably couldn't? I'm sure the billionaires could use another tax cut or two. Maybe some more conservative judges. We've already gotten rid of extra unemployment - been rid of it for three months now. Yet inflation's gotten worse. I strongly suspect something else is at play here, but what do I know? The problem - and I know full well Biden can't admit this - is that we as a nation have become addicted to cheap labor. It has taken hold of us and we are resenting its absence. 60-65% of us are reliant on paying the other 35-40% of us peanuts for various lower-skilled jobs and treating them as an underclass. In a few cases, these workers can age out, but in many cases, you've got several million among us who're essentially stuck there. With COVID restricting immigration, many of these workers are realizing their true worth and need. Basically - the dignity of honest work - all honest work - must be emphasized. If it means we start treating Wal-Mart workers and ditch digger - currently objects of derision - with good pay, steadier hours, and dignity, is that a better alternative than giving people money just for existing (this may be a necessary evil, but it is hardly the ideal)? Is that better than Wal-Mart telling its part time associates how to more easily apply for food stamps? [/quote]
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