Re:Federal Reserve to increase interest rates by 50 basis po...
by ClarityJones on Wednesday December 14, 2022 @04:41PM
(#33991002)
Wage Growth != Inflation.
Wage Growth = Value / Share++ (i.e. workers obtain a larger share of value generated by their work)
Inflation = Shares++ / Value (i.e. the same value is split into more shares / dollars)
Maximum employment != minimal unemployment.
Maximum employment == maximum labor force participation + minimal unemployment.
Maximum employment != minimal unemployment. Maximum employment == maximum labor force participation + minimal unemployment.