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by forgingahead 1419 days ago
When asset prices increase quickly, everything is fine, as the wealthy are benefitting. When wages increase though, that's inflation and we must tamp down hard on it!
2 comments

This is the federal reserves stated position.

https://mronline.org/2022/05/26/u-s-federal-reserve-says-its...

Given the obviousness of the consequences, it's hard to imagine the Greatest Minds In Monetary Policy haven't foreseen the fact that labor is hurt and corporations are effectively subsidized when enacting such policies. So it must be intentional.
This is absolutely ridiculous, maybe they should start by reducing his salary.
Wages are not comparable to asset prices since one is an over time payment and the other is a quantity at one time.

In any cases total wages (well, income) are equal to GDP so I don’t think anyone is against an overall rise (in real terms).

> Wages are not comparable to asset prices

They get directly compared when getting a mortgage though - typically there's affordability criteria including the ratio of income to mortgage amount.