Why the Fed wants corporate America to have a hiring freeze

Re:Why the Fed wants corporate America to have a hiring freeze by touisteur on Monday May 30, 2022 @02:46AM (#31556102)

Thanks for the explanation. There's still something (well lots) strange to me.

What are these people doing? I read COVID assistance had dried up (?), and still people are not going back into the workforce?

Isn't wage inflation supposed to help there, putting people 'back to work'? I mean, a big chunk of these 8% will be low-paid service jobs I keep hearing no one can hire for anymore ; shouldn't increasing wages (and, well, stopping the 'service-workers are slaves we can treat as dirt' mentality) help a lot here?

[ Parent | on HN ]

Re:Why the Fed wants corporate America to have a hiring freeze by ffggvv on Monday May 30, 2022 @02:55AM (#31556167)

some people retired a year or two early and didn’t plan on re entering the work force. especially since asset prices ballooned allowing them to do so.

i think driving down asset prices and raising wages and lowered unemployment benefits will hopefully reverse some of that

[ Parent | on HN ]