While discussing workers asserting their worth as they demand wage increases, a GOP pundit attempted the inflation scare tactic.
As workers demand wage increases the inflation scare tactic raises its head.
As the panel discussed a justifiably empowered worker, conservative Commentary Magazine Editor John Podhoretz attempted the inflation scare tactic.
“I’d just say speaking of the economy though, this is all happening at a time of rising and apparently non-transitory inflation,” John Podhoretz said. “And if wages have to go up significantly, that’s inflation too. This is a potential inflationary spiral. So you want to talk about political consequences, I’m sorry, for Democrats, the new activism, and all of that. This is not good for Biden either way. It’s not good for Democrats either way. They have the House, the Senate, and the presidency. And we could be looking at inflation continuing to go up, in part justifiably in order to pay these people.”
When the worker gets more money via wage increases, it is inflationary. When the rich stockholder and executives get increased incomes via dividends and bonuses respectively because they have pricing power, that inflation is tolerated without mention.
Kimberly Atkins Stohr, a senior opinion writer for The Boston Globe, had the perfect response to the plutocrat’s mouthpiece.
“One part of that is, yeah, you can have fears about inflation, but the structure was unsustainable,” Kimberly Atkins Stohr said. “You have this gig economy, where people were working second and third jobs just to keep food on the table, just to pay for the health care that the law requires them to have. That was going to be unsustainable. So this, you know, conflagration of issues really brought it to the fore. And yes, you have these open jobs. But I think when you look at it study after study, it shows if you pay people more, they will take the jobs. It’s really shifting from that corporate perspective that they can have large profits to saying, ‘To be profitable, you need to treat your employees well.'”
Exactly. Please listen to the entire video clip.
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