Early Warnings on the negative blow back associated with tight monetary policy and tight fiscal policy on the 99%. You were warned not to listen to the panicked language of the inflationistahs. The persistent binary approach to waging another "fake" War on Inflation to dampen the single best period of nominal wage growth in life time sadden me.
The pace of nominal wage gains for Non-Supervisory workers 85% of W2 wage earners at various months was growing at a pace faster than inflation. It was very beautiful to see people at the poor, lower middle and middle getting good gains. I understand inflation on Food & Energy is big but requesting what will be decade of low wage growth and income growth to slow it due to a forced increase in the army of the unemployed disappoint me. This just cannot be the only way to cure what was clearly falling inflationary pressure. I hope the 2023 recession is shallow causes minimum job loss. $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ Trust(QQQ)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ $Cboe Volatility Index(VIX)$ $SPDR DJIA ETF(DIA)$
Diversity and the US Labor Market (why this buzzword is poorly understood) and why it is vitally important to ALL of our FUTURE success. The labor market is undergoing massive change (all expected) we knew we had an aging population and we would need to replace these aging boomers with younger workers. There is a huge racial/diversity component to this change, which needs to be properly accounted for and understood. Using the buzzword isn't working to help people understand why we need it. I'll try to help.
(1.) Largest Group as a percentage of the Labor Force - White (Particular White Males) are leaving the labor force (this has been a trend since the 1980s but began accelerating in the last few decades and will continue into the 2030s) - This White male works will be replaced by Black, Hispanic, Asian, and Female laborers. This isn't replacement theory this is basic attribution math on demographics-
(2.) Diversity of the future Labor force is going to become more Multi-Cultural (with an abundance of Males from minority groups like Blacks, Hispanics, and Asians and hopefully a larger share of female participation making up a new labor pie by 2040.)
(3.) Critically important to fix the K-12 Education System (plug education gaps, Companies need to up Capital Investments in Human Capital)
(4.) Boomers who are either retired or on the precipice of retiring - YOU HAVE THE MOST INVESTED IN THE CURRENT CHANGING LABOR MARKET. You need to understand YOUR current transfer payments for Social Security and Medicare are HIGHLY dependent on this DIVERSE - MULTI-CULTURAL WORKFORCE - We can no longer afford to divide and conquer the 99% - IT IS UNHEALTHY AND DANGEROUS
(5.) Terminology - Buzzwords - I dislike the buzzword "Diversity" although while the optics cause different people to "FEEL" different emotions. A frank honest discussion of the NUMBERS helps illustrate simply the importance of Demographic Change and how to properly have a FRANK discussion with the public on WHY DIVERSITY IS EXTREMELY IMPORTANT FOR THE US ECONOMY IN 21st Century.
(6.)Issues with the current labor market which WORRY ME and could have negative long-term effects on the US Economy
1A -Opioid Overdose Crises (150k per annum lost in labor 1M in 10yrs)
2A -Suicide (MENTAL HEALTH IS CRITICALLY IMPORTANT TO THE LABOR MARKET)
3A -Inner City Homicide (Negatively impacts Black/Brown labor participation, income, wages, and productive output)
99% NEEDS TO FIX THESE ISSUES
(7.) US Corporate Leaders need to take a more ACTIVE ROLE in UPPING CAPITAL EXPENDITURE TO INVEST IN THEIR CURRENT WORKFORCE - WE NEED A STRONG, COMPETENT, PRODUCTIVITY, AND SOLID 21st Century Work Force - It will require US Corporations (large multi-nationals) to help with this process of MAKING CRITICAL INVESTMENTS in HUMAN CAPITAL and RESEARCH - F&CK EXCESSIVE STOCK BUY BACKS FOR A PROLONGED PERIOD. WE NEED TO WIN
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