☆ Yσɠƚԋσʂ ☆ to US NewsEnglish · 4 months agoIs the Fed Behind the Curve? As Unemployment Rises, Worries Mount.www.nytimes.comexternal-linkmessage-square7fedilinkarrow-up115arrow-down10file-textcross-posted to: news@hexbear.netusa@lemmy.ml
arrow-up115arrow-down1external-linkIs the Fed Behind the Curve? As Unemployment Rises, Worries Mount.www.nytimes.com☆ Yσɠƚԋσʂ ☆ to US NewsEnglish · 4 months agomessage-square7fedilinkfile-textcross-posted to: news@hexbear.netusa@lemmy.ml
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up6·4 months agoIt’s one of the core contradictions. Keeping the rates high is a way to build out a reserve army of labour, but it’s also destroying the consumer market which underpins the whole system.
It’s one of the core contradictions. Keeping the rates high is a way to build out a reserve army of labour, but it’s also destroying the consumer market which underpins the whole system.