Toddsterpatriot
Diamond Member
i am not your stock holder. why should i believe you? why do we have as much unemployment as we do, if scarcity of labor is a cause of inflation. we are no where near, full employment of resources in the market for labor. it is special pleading like that, that renders the right wing, literally incredible, about economics.that is not, full employment. full employment means wages are outpacing inflation.how many jobs are there, with a natural rate of unemployment?
we have full employment at 4.3 % so no worries about that.
They are.
i am not your stock holder. why should i believe you?
You'd like evidence that real wages, that is wages adjusted for inflation, are rising?
Or is evidence not enough to outweigh your preferred anecdotes?
if scarcity of labor is a cause of inflation.
Scarcity of labor is a cause of rising wages.
Inflation is always and everywhere a monetary phenomenon....Milton Friedman - Wikiquote