• Blapoo
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    7 months ago

    Wages do need to come down.

    For a very small number of people who seem to have all of the wages.

    • OneOrTheOtherDontAskMe@lemmy.world
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      7 months ago

      I’m not sure what your statement is intending. Are you saying people who work at the Fed aren’t beholden to corporate interests just because there aren’t shareholders?

      The same fed that has the keys to the money printing machine, bank lending programs, and powers for short term low interest loans used to “stabilize market conditions”, not to even mention the revolving door of regulators moving to private positions after their time deeply embedded in our financial institutions?

        • OneOrTheOtherDontAskMe@lemmy.world
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          7 months ago

          Your comment seemed like a non-sequitur, but mostly because the title didn’t seem to be literal to me and more of a statement on corruption. Normally, when people make what I believe to be non-sequiturs, it’s because there’s an additional point they’re trying to make that would make that non-sequitur click into place.

          I appreciate the clarity.

            • OneOrTheOtherDontAskMe@lemmy.world
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              7 months ago

              That is…scary. Yeah I’m all for calling our current system of governance a keptocracy or make comparisons about “buying a ticket to congress”, but if those statements are being taken literally then getting us to a place where those aren’t just little quips and more of a reality is going to be easier than I thought.

          • AeonFelis@lemmy.world
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            7 months ago

            the title didn’t seem to be literal to me and more of a statement on corruption

            That only makes it worse. “I only lied about bad thing X being Y because I want to attach bad connotations to Y”.

  • Alien Nathan Edward@lemm.ee
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    7 months ago

    One of my favorite things on this earth is capitalists admitting that if wages ever rise such that workers can afford a decent life, the price of a decent life will just rise to exclude them in the same breath they use to talk about how capitalism lifts people out of poverty.

  • RizzRustbolt@lemmy.world
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    7 months ago

    Well… they’re partially correct. If we cut “wages” at the top, then prices will go down because they’re no longer being pulled up.

  • Jaysyn@kbin.social
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    7 months ago

    I don’t remember the Fed saying anything like that a year & a half ago.

    • gnurd@sh.itjust.works
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      7 months ago

      Powell has been saying this for a long time. He doesn’t seem to like that people are making more money.

      Here’s just one of a plethora of examples you can find if you’d just Google it.

        • gnurd@sh.itjust.works
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          7 months ago

          Because of course he’s not. To me it seems he’s definitely more concerned about the pockets of the ruling class. Just my opinion of course.

      • stolid_agnostic
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        7 months ago

        Yep. Rather than it being corporate greed driving everything (which has been reported on from many angles), it’s actually people making too much money that is the problem per Powell.

        • gnurd@sh.itjust.works
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          7 months ago

          Exactly. This is the guy saying unemployment needs to be higher. Like wtf, you actually want more people out of work.

          Higher wages is not what is driving inflation, it’s pure greed. Proven over and over again.

      • Echo Dot@feddit.uk
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        7 months ago

        I think they mean that no one in the government ever said that no one wants to work, it was just tight fisted business owners with no brains.

        • gnurd@sh.itjust.works
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          7 months ago

          When people say the Fed in this context (the tweet) they generally mean the Federal Reserve which is headed by Jerome Powell.

  • dangblingus@lemmy.dbzer0.com
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    7 months ago

    I mean… it’s isn’t those things. It’s literally a government agency. It can’t “make profit”, it literally is the banking system, not a bank itself.

    • Chives@lemmy.whynotdrs.orgM
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      7 months ago

      It is literally not a government agency. It operates under a mandate from congress, but is not a government agency.

    • Gaia [She/Her]@lemmygrad.ml
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      7 months ago

      Congress isn’t a business, but Pelosi sure made a shitton of money off of insider trading. At best we live in an oligarchy that poses as a democratic republic. The votes follow the money, not vice versa.