Discover and read the best of Twitter Threads about #InflationNation
Most recents (2)
1/ 🤯 Crazy times, right? Gov forced us to stay at home 🏠, paid us 💰 for not working, & then we decided to keep staying home!
2/ 🤔 To compensate for lost jobs, wages, & ruined companies, the gov printed money 💸 & gave it away for free!
3/ ⛓ Supply chains got backed up 'cause nobody was working. Money was worth less, so things cost more & became scarce. 💸📉 #InflationNation
@JimboStanford @justrea69482217 @jason_kirby @globeandmail Yes, the spike in average hourly wages after the pandemic hit was due to the changing composition of the job market (low-paid people-facing jobs shuttered). The tanking of hourly wages was as these places reopened.
Here’s the chart I submitted. Note the dotted line & legend.
Here’s the chart I submitted. Note the dotted line & legend.
@JimboStanford @justrea69482217 @jason_kirby @globeandmail I closed my #InflationNation series for @TorontoStar talking about the fact and fiction of the “wage-price” spiral.
thestar.com/business/opini…
tldr: wage growth more associated to unemployment rate than inflation rate, historically.
thestar.com/business/opini…
tldr: wage growth more associated to unemployment rate than inflation rate, historically.
@JimboStanford @justrea69482217 @jason_kirby @globeandmail @TorontoStar Expect higher wage growth than seen for last 40 yrs, due to half century lows in unemployment.
Expect people to blame workers for inflation.
Labour is rarely the biggest factor of production.
In sectors where it is, like the Care Economy, governments like ON are capping wages.
Expect people to blame workers for inflation.
Labour is rarely the biggest factor of production.
In sectors where it is, like the Care Economy, governments like ON are capping wages.
