Wage inflation is the real currency/bank killer here, and, I think, a major driver of the current immigration policy: let in lots of low skill workers to fill jobs at low wages to squash the runaway wage inflation post-stimulus in 2021.
This has probably driven up unemployment, and consumer credit delinquency as result, but helped to stabilize corporate credit and slow price inflation.
john /
npub1z3…0725t
2024-08-18 21:32:40
in reply to nevent1q…3045
Author Public Key
npub1z3dku9dmuu76q7ce88s2rktz6g4lacnupg36dm8suy9vhne5jtxqw0725tPublished at
2024-08-18 21:32:40Event JSON
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