Discover and read the best of Twitter Threads about #careinflation
Most recents (2)
The US Federal Reserve has two imperatives: keeping #employment high and #inflation low. When these conflict - when unemployment goes near-zero - the Fed forgets all about #FullEmployment, cranking #InterestRates to "cool the economy" (AKA "increasing #unemployment"). 1/ 
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/01/19/cre… 2/
pluralistic.net/2023/01/19/cre… 2/
An economy "cools down" when workers have less money, which means that the prices offered for goods and services go down, as fewer workers have less money to spend. 3/
You can be forgiven for thinking the Great #Inflation Story is how a pandemic, a senseless war, and #monopolistic price-gouging temporarily drove up prices, prompting calls to crush workers and suppress wages in order to "reduce demand" for goods:
pluralistic.net/2022/12/14/med… 1/
pluralistic.net/2022/12/14/med… 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/01/18/wag… 2/
pluralistic.net/2023/01/18/wag… 2/
But for all the attention we gave to this transient inflation, there has been precious little alarm over the soaring inflation in #CareLabor - #daycare, #preschool, #NursingHomes and #MedicalServices. 3/
