Re:Why the Fed wants to crush workers (19 Jan 2023)
by LorenPechtel on Sunday January 22, 2023 @12:09PM
(#34479536)
The other side of the story:
If wage pressure is too high you get an inflationary spiral as companies keep having to pay more for workers. This will eventually cool the economy anyway. Better to step in before that happens and reduce the amount of damage done.
If wage pressure is too high you get an inflationary spiral as companies keep having to pay more for workers. This will eventually cool the economy anyway. Better to step in before that happens and reduce the amount of damage done.