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Shipwack

(2,974 posts)

5. It's bad for business owners...

Reply to onetexan (Reply #4)

Wed Nov 2, 2022, 12:26 PM

Nov 2022

Low unemployment means workers have leverage, can demand higher wages, which means less money to give as bonuses to owners/upper management.

Mainstream Economic theory in the US (world?) dictates that things are only good if the upper class is doing good.

At least that’s my ignorant take on things.

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High unemployment, bad! Low unemployment, also bad! [View all] Coventina Nov 2022 OP

Yep ColinC Nov 2022 #1

I defend the Fed Casady1 Nov 2022 #2

The problem I also see with their actions... W_HAMILTON Nov 2022 #10

There is one nation that can resolve it...Russia. Yavin4 Nov 2022 #19

***Only if a Democrat is President. GoCubsGo Nov 2022 #3

yea i've also been questioning why low employment is viewed as a bad thing onetexan Nov 2022 #4

It's bad for business owners... Shipwack Nov 2022 #5

Fed will announce the new interest rate hike today Johnny2X2X Nov 2022 #6

Low Unemployment Is Poised To Become the New Normal Metaphorical Nov 2022 #7

Thanks so much for posting this! I wish I could rec your post! Coventina Nov 2022 #12

There's the 75 Basis Point raise Johnny2X2X Nov 2022 #8

I think the majority belief among economists is that the ideal situation... BlueCheeseAgain Nov 2022 #9

Powell speaking Johnny2X2X Nov 2022 #11

The Markets are always emotional. maxsolomon Nov 2022 #14

"Fire 1 Million!" -Zorg maxsolomon Nov 2022 #13

'real' wages bad... They don't care about employment unless JCMach1 Nov 2022 #15

THANK YOU !!! Obama had low unemployment, low gas and low inflation and the economy **STILL** uponit7771 Nov 2022 #16

Never mind that he rescued our entire economy from a complete meltdown. Coventina Nov 2022 #17

YEP !! uponit7771 Nov 2022 #18