Wage growth is slowing, but the Fed’s interest rates keep going up. Is destroying the jobs of the most vulnerable workers really the only way to stop inflation?
CEPR Senior Economist Dean Baker doesn’t think so. He gives us the big picture of what is causing rising prices and what we can do about it.
Inflation is scary, but the Fed engineering a recession causing massive layoffs of low-wage workers is far scarier. In our last email, you heard from CEPR Co-Director Eileen Appelbaum on how market consolidation is responsible for much of the dysfunction that leads to empty shelves and rising prices, we can’t make workers pay the price.
Thanks to all of you who have supported CEPR. Thanks to your support, CEPR can keep educating policymakers and the public on these critical issues. Every recession is the result of economic policy, and we will keep doing the work to expose the faulty thinking that leads to these anti-worker policies and find ways to fix them.
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