Using 2018 as a guide unemployment hit 3.6% and there were no signs of excess wage growth. We also had 7.1 million job opening. Yet inflation barely registered above 2%. This is not any different (over a longer term).
My major issue now is purposely harming the US labor force. I have an ax to grind with this policy prescription.
WHY do we have to HARM US WORKERS when we ALL know the EVIDENCE for using NAIRU and the Phillips Curve is EXTREMELY UNRELIABLE? Why do people have to suffer losses in income & employment (?)
Every single day I wake up this is WHAT BOTHERS ME MOST WHEN I WATCH FINANCIAL NEWS SHOWS. The incessant attacks on those of us in the 99% (poor, lower middle, middle, and upper middle classes) - If you're rich and or wealthy you will be fine - Don't use Media in negatively influence public opinion against itself. This is one aspect of capitalism i dislike (manipulation to some extent)
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