{"id":10159,"date":"2023-03-06T16:53:53","date_gmt":"2023-03-06T16:53:53","guid":{"rendered":"http:\/\/lonecandle.com\/?p=10159"},"modified":"2023-03-06T16:53:53","modified_gmt":"2023-03-06T16:53:53","slug":"stop-treating-unemployment-as-a-necessary-evil-to-curb-inflation","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=10159","title":{"rendered":"Stop treating unemployment as a necessary evil to curb inflation"},"content":{"rendered":"\n<p>\n\n&#8220;if you thought mechanically that when wage growth is high and inflation is high, the only way these things go down is through higher unemployment \u2014 well you have to actually acknowledge now that maybe there is a wider set of possibilities.&#8221;<br>&#8230;<br>&#8220;Yeah, the idea that \u201cno \u2018help wanted\u2019 sign should ever exist\u201d is not to me a sign of a healthy economy. The story for much of 2021 was like, \u201cWhere have all the workers gone?\u201d and the suggestion was that it must be that people don\u2019t want to work. But in actuality, there were some sectors that were really eager to hire \u2014 Amazon expanding its warehousing staff probably did put pressure on other industries looking to hire. But competing sectoral demand for labor is just very different from saying people don\u2019t want to work.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.vox.com\/policy-and-politics\/2023\/2\/7\/23587641\/economy-jobs-inflation-recession-labor-federal-reserve\">https:\/\/www.vox.com\/policy-and-politics\/2023\/2\/7\/23587641\/economy-jobs-inflation-recession-labor-federal-reserve<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;if you thought mechanically that when wage growth is high and inflation is high, the only way these things go down is through higher unemployment \u2014 well you have to actually acknowledge now that maybe there is a wider set of possibilities.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;Yeah, the idea that \u201cno \u2018help wanted\u2019 sign should ever exist\u201d is not to me a sign of a healthy economy. The story for much of 2021 was like, \u201cWhere have all the workers gone?\u201d and the suggestion was that it must be that people don\u2019t want to work. But in actuality, there were some sectors that were really eager to hire \u2014 Amazon expanding its warehousing staff probably did put pressure on other industries looking to hire. But competing sectoral demand for labor is just very different from saying people don\u2019t want to work.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[217,165,1316,635],"class_list":["post-10159","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-economics","tag-economy","tag-inflation","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/10159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10159"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/10159\/revisions"}],"predecessor-version":[{"id":10160,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/10159\/revisions\/10160"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}