I have been hearing oddly disturbing commentary about how some people believe we need a recession to combat inflation and high housing prices , or how student loan interest needs to increase to prevent inflation
Here is the thing though, we have had a stagnant wages for years, this is just the economy finally compensating.
its also interesting to me that complaints about low wages before the great resignation were met with “free market economics” but when the free market determines wages should go up those same people say “not like that, the government needs to do X”
ps:
high loan rates wont reduce wage inflation it will increase it because workers will now need more money to survive.