Here for you left wing commie Art Degree MMT dumb fucks:
S&P Global Market IntelligenceOldest employed Americans have left the workforce never to return
The oldest workers in the US labor force, edged out during the pandemic by retirements and health concerns, are unlikely to ever return, potentially ending a decades-long trend amongst working seniors in America and contributing to the ongoing imbalance in the jobs market.
MMT “brain trust” (I use that term loosely) somehow blaming their current figure of speech “inflation!” on government’s policy risk free interest rates…
Their as bad as their fellow Art degree monetarists…
3 comments:
The latest round of inflation is being driven by Corporate Greed. But, except for a few firebrands, neither party establishment can say that out loud.
that was always going to happen, boomers now retiring on mass and less babies for the later generations.
Let's go through this slowly.
There are fewer workers, productivity is poor due to lack of physical investment and then you give rich people free money to spend.
The market will then allocate scarcer resources amongst greater monetary demand.
And that will cause price rises. Exactly as Warren wrote in Soft Currency Economics II
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