Re:Wall Street Banks Warn Downturn Is Coming
by Houshalter on Wednesday August 23, 2017 @05:43PM
(#15085483)
>everybody wants to work more hours at the restaurant, but nobody wants to go out to eat—and therefore something has to give
Ideally the restaurant would lower wages until fewer people want to work there, and lower prices until people want to eat there. Decreasing the value of money feels like a dirty hack that benefits the richest at the expense of everyone else. Remember before we adopted these policies recessions used to be really short.
Ideally the restaurant would lower wages until fewer people want to work there, and lower prices until people want to eat there. Decreasing the value of money feels like a dirty hack that benefits the richest at the expense of everyone else. Remember before we adopted these policies recessions used to be really short.