At a time when the majority of people in US would need a 77% pay raise to make a living wage, the Fed thinks what we need to do is to try to “get wages down.”
David Sirota @davidsirota
13 Jun 2022
NEWS: As workers are getting crushed, Biden’s Fed Chair Jerome Powell just said his goal is to “get wages down.” Powell is a former private equity mogul. levernews.com/the-fed-declar…

Jun 14, 2022 · 11:33 AM UTC

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Replying to @marwilliamson
Always remember that the financial crisis developing in this country right now is intentional. It has been carefully orchestrated by the Biden administration. Period.
Replying to @marwilliamson
Absolutely disgusting. Is this the kind of fight that FDR tackled? I do remember reading where he cut deficit spending and the economy tumbled back into recession. This is where Kelton et al get it right.
Replying to @marwilliamson
Proofreading is free.
Replying to @marwilliamson
GIF
Replying to @marwilliamson
Why do corporation always benefit to the cost of individuals? Can’t we do something about price gouging?
Replying to @marwilliamson
How about we fire all the politicians in office?
Replying to @marwilliamson
Wow this is just evil. With inflation at a 40 year high, he wants to “get wages down” so that it hits poor people even harder.
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Replying to @marwilliamson
This is an atrocity of self indulgent behavior. When will leaders work for people not only themselves.
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Replying to @marwilliamson
Low wages and unemployment go hand in hand. If unemployment is higher, there’s more competition for jobs and wages go down. A certain % of unemployment is necessary to keep down inflation, because otherwise they’d have to tax the rich.
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