Ted Rall for February 08, 2023

The one economist I know pretty well is a reporter, not a player. He’s interested to see all this stuff going down, but he’s not invested in things as they are.

So ironic that if they could see any kind of long-term perspective, they’d know that higher wages and better benefits for workers helps the economy and all industries therein.

Economists are terrified?

No, but Republicans are terrified that there won’t be a recession, or if there is one, it will be shallow and short.

.

What Republicans are really terrified of is that something will interfere with ever increasing wealth inequality.

Is really though

Those demands seem i dont know

Reasonable

All these corporations and big Pharma, especially, made BILLIONs off the backs of hard working Americans, while the middle class barely can feed their families!

The Fed is confident that they can knock workers back down if they raise the Fed rate high enough.

..meanwhile in the UK…

2 economic theories: The “pie” is static in size, if one group of people get a bigger slice, it takes away from my share (Republican viewpoint). Let’s grow the pie so that all people can have a bigger piece (Dem viewpoint).

I mean not as good as the vibrant Russian economy…………………………………..

I agree with Ted on this one. I spent 37 years as a cubical dweller, and somewhere along the line I realized that we, the salaried, received increases in benefits only when the union had extracted them for the hourly workers. When TFG was pressured into defining exactly when America had been great he cited the 40’s and 50’S, a period when unions were strong and American society was thoroughly segregated. I believe those two factors were about equally important in TFG’s mind.

Bosses are terrified that they’re finding it harder to underpay employees, and force them into doing unpaid work, and also that employees are standing up to their bullying…

Many economists do seem to think a powerless worker is a happy worker,

I saw this decades ago in one of those Readers Digest bottom of the page fillers:

Acceptable levels of unemployment means the government economist who finds them acceptable still has a job.

Relax, the Republicans are putting forward bills to allow child labour as young as fourteen to work in places like mines and slaughterhouses.