186
submitted 1 year ago by grte@lemmy.ca to c/canada@lemmy.ca
you are viewing a single comment's thread
view the rest of the comments
[-] evranch@lemmy.ca 12 points 1 year ago

The only inflation they're concerned about is wage inflation, this has been proven multiple times and is even the official stance of central banks. Wage inflation cuts into corporate profits, which hurts "the economy". Why do you think the main indicator they watch is the unemployment rate?

They just don't usually say it out loud, and people aren't listening anyways. But the cat is out of the bag now with people spreading the word to the working class. Fucking us over is the goal, not a side effect.

[-] snooggums@kbin.social 5 points 1 year ago

It is also why there is so much attention paid to the stock market as an indicator when it is just rich people gambling that got more people to invest in it for retirement by playing coin clots.

"The economy" never represents the median person, or even the lower 3/4 of the population.

this post was submitted on 18 Oct 2023
186 points (98.4% liked)

Canada

7299 readers
1269 users here now

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


What's going on Canada?



Related Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Local Communities

Sorted alphabetically by city name.


๐Ÿ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


๐Ÿ’ป Schools / Universities

Sorted by province, then by total full-time enrolment.


๐Ÿ’ต Finance, Shopping, Sales


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social / Culture


founded 4 years ago
MODERATORS