unfortunately the point of the measures taken is to drive up unemployment and down wages. they think that will fix the economy, somehow. as if the economy is an abstract set of numbers and not the mechanism by which we keep everyone housed, fed, clothed, and warm
I know this is the FED’s goal in the US including interest hikes (as well as lowering consumer spending, which remains quite high), are similar policies/goals being implemented in the UK as well? Not as familiar with their economy, or government control on their economy.
Now if only I could get an inflation pegged pay rise, all would be good
unfortunately the point of the measures taken is to drive up unemployment and down wages. they think that will fix the economy, somehow. as if the economy is an abstract set of numbers and not the mechanism by which we keep everyone housed, fed, clothed, and warm
I know this is the FED’s goal in the US including interest hikes (as well as lowering consumer spending, which remains quite high), are similar policies/goals being implemented in the UK as well? Not as familiar with their economy, or government control on their economy.