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/biz/ - Business & Finance

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52713754 No.52713754 [Reply] [Original]

FUN FACT 1

A "strong" report means the fed can keep hiking which is NOT meant to fight inflation, it's meant to discipline labor

note the wage increases

THAT'S WHAT THE FED IS FIGHTING

FUN FACT 2

There are other ways to fight inflation then to intentionally make millions of people unemployed in a country with, essentially, no safety net for the unemployed.

If it's going to be GOVERNMENT POLICY TO MAKE MILLIONS OF PEOPLE UNEMPLOYED TO "FIGHT" INFLATION

THERE SHOULD BE A GOD DAMN, BIG AS FUCK, SOCIAL SAFETY NET!

>> No.52713768
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52713768

>>52713754
>YAHOO!

>> No.52713775

>FUN

>> No.52713852

>>52713754
>A "strong" report means the fed can keep hiking which is NOT meant to fight inflation, it's meant to discipline labor
>note the wage increases
>THAT'S WHAT THE FED IS FIGHTING
This is explicitly what Volcker said the entire purpose of the Fed was - to keep the labor market "competitive" by keeping wages and employment in check, i.e. low enough to retain steady productivity with maximally extractable owner profits.

>> No.52713854

inflation will not go down with a burning hot labor market. Do not cite the 70s, they do not apply.

>> No.52713903
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52713903

>>52713852
So ther fed causes this productivity/wages gap that is widening?

>> No.52713911

>>52713854
But it did already go down check trueflation

>> No.52713983
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52713983

>>52713754

>FUN FACT 1

>A "strong" report means the fed can keep hiking which is NOT meant to fight inflation, it's meant to discipline labor

>note the wage increases

>THAT'S WHAT THE FED IS FIGHTING

>FUN FACT 2

>There are other ways to fight inflation then to intentionally make millions of people unemployed in a country with, essentially, no safety net for the unemployed.

>If it's going to be GOVERNMENT POLICY TO MAKE MILLIONS OF PEOPLE UNEMPLOYED TO "FIGHT" INFLATION

>THERE SHOULD BE A GOD DAMN, BIG AS FUCK, SOCIAL SAFETY NET!

>> No.52713986

>>52713911

Inflation according to the CPI is still above 7%. And that is with energy costs going down, supply chains sorted out, and commodities correcting. Service CPI continues to grow as a proportion of the basket, meaning inflation is getting stickier and stickier (because the labor market is so strong). This morning data came out showing wages are stronger than expected. The consumer continues to have money to spend as well as significant wage bargaining power. Unemployment must go up to quell inflation.

>> No.52714977

>>52713754

How do you tell the roastie clerk to come back to her $11/hr job when she can be on OF and make six figures?

>> No.52714990

>>52713754
>essentially, no safety net for the unemployed
Dude I wasn't even unemployed in 2020/2021 and I kept five figures in entitlements as a student in college.

>> No.52715050
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52715050

It isn't hard to understand what's happening. The Fed isn't going to be able to get inflation under control. So the US government has decided to embrace inflation in the one endeavor that distracts everyone from noticing it and serves as a convenient cover.