Wages do need to come down.
For a very small number of people who seem to have all of the wages.
83 0 ReplyYeah the mean should go down but the median should go up. Those outliers at the top are a problem.
29 0 ReplyPerhaps we should eliminate the outliers so we can get a more accurate understanding of the normal distribution.
27 0 Reply
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.
22 0 ReplyArtificial scarcity in a post-scarcity society is wonderful isn't it :')..
9 0 Reply
Nice to see so much crossover interest from other instances on this one. Love the federation!
10 0 ReplyWell... they're partially correct. If we cut "wages" at the top, then prices will go down because they're no longer being pulled up.
8 0 ReplySpecifically, the economy is a Ponzi Scheme!
7 0 ReplyPyramid scheme.
4 0 Reply
I don't remember the Fed saying anything like that a year & a half ago.
6 5 ReplyPowell 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.
13 3 ReplyWhy do I get the feeling he's not talking about the rich here?
9 2 ReplyYep. Rather than it being corporate greed driving everything (which has been reported on from many angles), it's actually people making too much money that is the problem per Powell.
5 0 ReplyI think they mean that no one in the government ever said that no one wants to work, it was just tight fisted business owners with no brains.
4 0 ReplyThey meant the first part
3 1 Reply
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.
4 11 ReplyIt is literally not a government agency. It operates under a mandate from congress, but is not a government agency.
10 1 Reply
Gme people are somehow worse than Bitcoin people
6 13 ReplyThis is a post about the FED silly :)
7 0 Reply