I would just like to see wage growth meet the inflation rate. The difference as it stands lowers the value of our income. Increasing wages could help but I am not that naive to believe that will be considered.
In a perfect world, wage growth would match the inflation rate. The next best thing is to get it as close as possible so everyone's best interests are considered.
I agree the fed plays an outsized role at the macroeconomic scale. The fed believes it can bring inflation down by increasing rates, but this is something that also has to run its course. Thanks for reading, Bert!
Hello, Akash. Will you being doing any kind of special extra Substack post to inform us about the collapse and FDIC shutdown and takeover of Silicon Valley Bank? Some of us look to you for our best financial news.
I would just like to see wage growth meet the inflation rate. The difference as it stands lowers the value of our income. Increasing wages could help but I am not that naive to believe that will be considered.
In a perfect world, wage growth would match the inflation rate. The next best thing is to get it as close as possible so everyone's best interests are considered.
Sad to see that so much in our economy is influenced by the fed and government spending, of which both seem to warp economic reality.
I agree the fed plays an outsized role at the macroeconomic scale. The fed believes it can bring inflation down by increasing rates, but this is something that also has to run its course. Thanks for reading, Bert!
You are welcome, keep them coming.
Hello, Akash. Will you being doing any kind of special extra Substack post to inform us about the collapse and FDIC shutdown and takeover of Silicon Valley Bank? Some of us look to you for our best financial news.
Hello, Mike. I am honored to be a news source that you trust. I will have a Substack post on Silicon Valley Bank later today.
Oh, awesome, Akash!
Thank you!