I just want to make it very clear that this only works when the Federal Reserve hasn't managed to shrink the economy to be easily filled by available workers.
It almost never happens that there is almost no unemployment, or that there are excess jobs.
You guys will suggest just dropping a job like a hot potato, but in 6 months, or a year, there won't be any jobs.
There'll be unemployment.
At that point, employers are going to start ratcheting down on people again.
So, what are your suggestions going to be then, when the interest rate hikes finally dissipate any excess jobs and create some unemployment?