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In reply to the discussion: Employers added 528,000 jobs in July, as the hot labor market powers on [View all]nowforever
(302 posts)Because more jobs means more money people will spend and competition is making owners pay more for workers... and so demand goes up and supply cannot meet demand and so prices get higher and then Fed needs to raise rates to slow economy so prices don't go up. This narrative seems to be the talking point released by GOP and now is spun into a calamity of to much of a good thing is going to turn into a terrible thing. Meanwhile all the pundits were looking to jump on bad job numbers to exclaim the recession is here and inflation will kill everyone and everything. If Trump had produced these numbers they'd be throwing him a parade and we'd be hearing how fantastic this is and how nobody on earth but Trump could have made this happen. The bias is so flagrant, yet this is what happens when control of the government is your real agenda and even good news will be twisted into a fearful narrative. Greed and authoritarianism are one and the same...a few humans with money and power are the kind virus will will never tame.