Social Activism ,Political Commetary and Solutions
TheVoiceOfJoyce While the EU and China may see slow growth, the US will be unaffected by Recession. The bad part of the IMF predictions, infers we’ll have a better labor market, pressure is up to increase wages and the Fed may continue raising rates. Given that are methodology for measuring unemployment is wrong, the Fed should not factor Labor into their inflationary model. Labor hasn’t had a wage and benefit raise for years. The US is woefully understaffed in most industries. Where are the managers in key industries? Don’t blame labor for inflation, blame corporate price gauging. The US is now undergoing an equity rebalance and should continue till labor is really meeting the fictional employment numbers stated. No need for the US to worry about labor inflation. Corporate greed has caused inflation and has contributed to labor’s woes by short staffing and inadequate benefits. This is changing as employees become aware of their plight and demand better pay and work conditions.