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davel , 6 months ago (edited 6 months ago) The Federal Reserve raised interest rates in order to cause layoffs. The capitalist class wanted to enlarge the reserve army of labor so that workers would be too worried about losing their jobs to demand raises. ‘You Are Gambling With People’s Lives’: Warren Rips Powell Over Job-Killing Rate Hikes
The Federal Reserve raised interest rates in order to cause layoffs. The capitalist class wanted to enlarge the reserve army of labor so that workers would be too worried about losing their jobs to demand raises.
‘You Are Gambling With People’s Lives’: Warren Rips Powell Over Job-Killing Rate Hikes