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A comment on Fed signals higher unemployment rate might be necessary to tame inflation. Parent comment

Re:Fed signals higher unemployment rate might be necessary t... by s1artibartfast on Monday June 13, 2022 @11:33AM (#31727016)
Who do you think is hurt by inflation? Largely the same people hurt by unemployment.

Someone with a million dollar mortgage and inflation proof investments is probably cheering on inflation.

A family struggling to buy food and shoes for their children suffers from inflation.

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Re:Fed signals higher unemployment rate might be necessary t... by falcolas on Monday June 13, 2022 @01:03PM (#31728306)
A family is going to struggle a lot more when they can't get a fucking job.
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Re:Fed signals higher unemployment rate might be necessary t... by s1artibartfast on Monday June 13, 2022 @02:30PM (#31729494)
I agree, it is just a question of balancing numbers. Is it better for a 100 families to struggle with costs, 1,000, ect

I dont think anyone is trying to argue that unemployment is a good thing in an absolute sense.

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