Post #2391162

@InsurgoFormica@aus.social I think there would be a correlation, but in my view it is caused by multiple factors and not by an employment-inflation nexus (despite the NAIRU model). For example, we already know from recent experience with #GreedFlation when #bigMoney and the #Oligopolies were looking at shrinking opportunities to make a killing (super profits and stock market manipulation), that increasing profits is inflationary and has an adverse impact on jobs security, increases cost of living and gives rise to unemployment when small businesses are squeezed out. You’d think that the system would self-balance somewhere if not for greed and corruption and an controversial addiction to growth at all costs. A balanced (regulated) economy could sustain its society where ‘no one is left behind’ but where Millionaires are few and billionaires do not exist. This is no a ‘leftist’ view, simply being humane and compassionate.