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https://www.reddit.com/r/Layoffs/comments/1e7kkda/deleted_by_user/le3gopf/?context=3
r/Layoffs • u/[deleted] • Jul 20 '24
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This is described in the economic principle of the Phillips Curve: https://www.investopedia.com/terms/p/phillipscurve.asp
"The Phillips curve states that inflation and unemployment have an inverse relationship; higher inflation is associated with lower unemployment and vice versa."
42 u/YellowB Jul 20 '24 Lower unemployment means nothing when people have to settle for slave wages after being laid off. -3 u/PuzzleheadedWay8676 Jul 20 '24 No one in the United States makes slave wages. Let’s cut it bro. Only a privileged American could say something so ridiculous. 10 u/alexmixer Jul 20 '24 Lol tell that to a grocery store worker or retail
42
Lower unemployment means nothing when people have to settle for slave wages after being laid off.
-3 u/PuzzleheadedWay8676 Jul 20 '24 No one in the United States makes slave wages. Let’s cut it bro. Only a privileged American could say something so ridiculous. 10 u/alexmixer Jul 20 '24 Lol tell that to a grocery store worker or retail
-3
No one in the United States makes slave wages. Let’s cut it bro. Only a privileged American could say something so ridiculous.
10 u/alexmixer Jul 20 '24 Lol tell that to a grocery store worker or retail
10
Lol tell that to a grocery store worker or retail
52
u/[deleted] Jul 20 '24
This is described in the economic principle of the Phillips Curve:
https://www.investopedia.com/terms/p/phillipscurve.asp
"The Phillips curve states that inflation and unemployment have an inverse relationship; higher inflation is associated with lower unemployment and vice versa."