What should be good news for all seems to be taken as bad news by Wall Street and the Fed. A good jobs report gives workers economic leverage.
Blockbuster jobs report
We had another blockbuster job report. One would think that the Biden administration would be getting supreme praise. And guess what? Our titans of finance hate it. It means they must pay employees a bit more because the American worker has some leverage. Wall Street expected 225,000 jobs. Instead, 311,000 were created.
Of course, one would think that instead of continued inflated profits, dividends, and stock buybacks, that our corporatocracy would pay their workers for their good fortune. But no! They will inflate prices to pay the extra cost for employees. And the Fed will be complicit in creating false unemployment to solve the corporate-created inflation problem on the backs of every American worker.
Let’s remind Wall Street and our politicians that there are millions of good immigrants trying to get into our low-birth-rate country that would make us the envy of the world if we chose people over corporations.
It is a shame that the Fed believes if the jobs report remains strong, they must penalize the American people for a corporatocracy that will bleed them dry of any excess cash they may accumulate from their hard work.
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