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

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[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]

How can we have a consumer-based economy without more consumers? The largest generation (Boomers) are entering retirement, which is when consuming largely ends. Our demographics aren’t good economically, which we solve with immigration.[/quote]

Or incentivize more leave for childbirth, subsidized childcare etc.[/quote]

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