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The Federal Reserve says its remedies for inflation ‘will cause pain’, but to whom?

  • Article
  • Jun 18, 2022
  • #Economics #Laboureconomics #Inflation
claraemattei
@claraemattei
(Author)
www.theguardian.com
Read on www.theguardian.com
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Easing inflation will disproportionately harm working-class people, who will reap none of the benefits down the road

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Mariana Mazzucato @mazzucatom · Jun 27, 2022
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Great article in The @guardian from my good friend @claraemattei. Workers will be the ones who are hit the hardest, and at a time when the labour share of global income is almost at an all-time low, governments must step up and protect them.
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