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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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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That is NOT how unemployment is counted. I don't care if you're premise has merit, your conclusion about unemployment rates is trash.
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This is a super important point and needs amplification. Thanks for these tweets
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