The link between low wages and unemployment is usually ignored in politics but taken for granted in the business press. When wages rise, the Fed raises interest rates to slow inflation by doing what? Increasing unemployment. https://theintercept.com/2018/02/08/stock-market-crash-jobs-report-wages/ …https://twitter.com/ocasio2018/status/1019343472703234049 …
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Then some business class apologist says look unemployment is low! Things are great! But the Fed will only allow unemployment to stay low if wages stay low. So I deem the assertion that unemployment is low because people are working two jobs awkwardly phrased but absolutely true
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It’s explained in the piece above with
@KateAronoff Just read that.Show this thread -
Also
@AdyBarkan is doing incredible work helping people understand this connectionShow this thread
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The economy is totaly manipulated by white men ( disagree with evidence) to keep people down!! That article is not written. Get on it Please
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And white women and black men; "Janet Yellen served as the Chair of the Board of Governors of the Federal Reserve System from 2014–2018, appointed by Barack Obama"
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It's very likely actually whitr people. It is the system of white supremacy.
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Dems and Reps run on "raising wages", but the Fed starts increasing interest rates as soon as inflation start to rise just a little bit - and even when it is obvious that the increase in wages isn't driving the rise in inflation in the first place.
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