• marx_mentat [he/him, comrade/them]@hexbear.net
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    1 year ago

    No, they are concerned about having to pay people more, because that cuts directly into their own profits. They are not more concerned about inflation then they are about their own loss of profit from having to pay workers more, unless they require so few laborers to run their business that inflation does actually cut into their profits more.

    Feds are increasing interest rates to increase unemployment. They directly stated that. You can Google it if you don’t believe me.

    Quite a bit has escaped you and it is endlessly entertaining to me.

    • Neuromancer@lemm.ee
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      1 year ago

      It doesn’t cut into profits. What do you think inflation is? It is the increase in the prices of things. Since everyone is doing it, prices have been sky rocketing and profits have been going up. That is what they are trying to stop is the rapid escalation of prices. Yes, some people will lose their jobs but with our unemployment rate, they won’t be out of work long and most likely making more money. It is cute you don’t get how this all works but that’s cool You have a good night.

      • marx_mentat [he/him, comrade/them]@hexbear.net
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        1 year ago

        Labor is the largest expense of a business wtf do you mean a wage increase “doesn’t cut into profits” lmao

        Businesses had an excuse to raise prices so they did, end of story. That’s not complicated in the slightest.

        The Fed is doing what they said they’re trying to do, increase unemployment rates.

        Have a good one.