Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter.
Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter.
no one wants lower wages, but wage increases lead to businesses increasing their prices.
supply shocks aside, there is a negative correlation between inflation and unemployment for a host of complex reasons. so there’s ultimately a trade-off to pick.
unfortunately, the issue is that given businesses also function from the idea that there is such a trade-off, supposing we announce we want to lower unemployment, they raise their prices in anticipation.
it’s a sad system
its also stuck in a real binary type of thinking, assuming things like regulating businesses and redistributing the wealth are impossible. so like no shit when you write the rules around keeping money with the rich, the rich keep the money😲
Mine as well say hey do you wanna burn alive or drown? Sorry its the only trade off we can offer :/