Politicians from both sides, and US left-wing icon Alexandria Ocasio-Cortez, have slammed billionaire Tim Gurner’s comments about unemployment needing to rise.

    • r_wraith@discuss.tchncs.de
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      1 year ago

      You can behead the king or members of an aristocracy who’s source of wealth and power are stiuated in one coutry, but how do you want to manage that with a billionaire whose wealth is spread all over the world? He will just move to a friendlier country.

  • xc2215x@lemmy.world
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    1 year ago

    Unemployment is something they attacked Biden for so it does seem hypocritical. Workers are needed.

  • macrocephalic@kbin.social
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    1 year ago

    But at the same time they’re encouraging the loss of jobs to bring down inflation. Everyone likes to talk about interest rate rises cooling inflation but they never mention that the cooling effect is largely a function of lost employment.

    • SCB@lemmy.world
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      1 year ago

      That’s not specifically how it works. Rate hikes discourage M&A, Capex in general, and new business launches. Jobs aren’t necessarily lost.

      For instance, with all our rate hikes in the US, we’re still adding jobs on net every month, but inflation is falling.