[elforce002]

Interesting. I cannot separate what the Feds said regarding inflation tbh. On one side, the government was gloating over the fact of low unemployment numbers, on the other side, you have the Feds saying with no shame whatsoever they need to low inflation numbers by raising interest rates and orquestrate moves to layoff people with the objective to lower the demand for goods and services.

This looks like a coordinated "attack" where companies and government colluded against the common folk. There's a win-win for them. Companies will start reducing salaries since there'll be more supply of workers, and the government will say "we promise to lower inflation" as campaign slogan.

[Centigonal]

Inflation hurts the common folk as well though (people who own assets have their assets stay the same in real value, people who don't have the spending power of their bank accounts eroded).

What you're theorizing might still be happening (inflation looks like it's been controlled for the last few months, but layoffs continue), but lowering inflation is more than PR.

[cableshaft]

To be fair, inflation numbers are going back down in the US, while countries that aren't raising their interest rates (or at least not as aggressively as the US is) still have much higher inflation, double digits in some cases. So it does seem to be working, as shitty as it is.

I don't think all these companies really need to lay people off though, they're just using 'everyone else is doing it' as an excuse to get away with it and juice up their stock price.

[js8]

There is an excellent interview with Clara Mattei on The Majority Report, about her book The Capital Order. She has a similar point, historically supported.

[moneywoes]

Have a link?

[js8]

https://youtu.be/KLDd11zlKnY?t=1085