Wages do need to come down.
For a very small number of people who seem to have all of the wages.
One of my favorite things on this earth is capitalists admitting that if wages ever rise such that workers can afford a decent life, the price of a decent life will just rise to exclude them in the same breath they use to talk about how capitalism lifts people out of poverty.
Artificial scarcity in a post-scarcity society is wonderful isn't it :')..
Nice to see so much crossover interest from other instances on this one. Love the federation!
Well... they're partially correct. If we cut "wages" at the top, then prices will go down because they're no longer being pulled up.
Specifically, the economy is a Ponzi Scheme!
Pyramid scheme.
I don't remember the Fed saying anything like that a year & a half ago.
Powell has been saying this for a long time. He doesn't seem to like that people are making more money.
Here's just one of a plethora of examples you can find if you'd just Google it.
I mean.... it's isn't those things. It's literally a government agency. It can't "make profit", it literally is the banking system, not a bank itself.
It is literally not a government agency. It operates under a mandate from congress, but is not a government agency.
Gme people are somehow worse than Bitcoin people
This is a post about the FED silly :)
