no? If paying employees has a return on investment that is lower than the interest rate on federally insured bonds, I will prefer the federally insured bonds. The biggest driver of inflation, and thus interest rate, is the supply/demand for labor.

What we're seeing are the natural consequences of the fed's mandate to prevent inflation. This is always at the cost of demand for labor, bu design.

The regulation supplied by the fed preserves the interests of capital at expense of the interests of labor. The dual mandate is essentially meaningless.