Politicians from both sides, and US left-wing icon Alexandria Ocasio-Cortez, have slammed billionaire Tim Gurner’s comments about unemployment needing to rise.

  • SCB@lemmy.world
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    1 year ago

    That’s not specifically how it works. Rate hikes discourage M&A, Capex in general, and new business launches. Jobs aren’t necessarily lost.

    For instance, with all our rate hikes in the US, we’re still adding jobs on net every month, but inflation is falling.