4min chapter

The Intercept Briefing  cover image

How Fiscal Hawks Are Using Inflation as an Excuse to Tamp Down Worker Power

The Intercept Briefing

CHAPTER

The Bank of America Research Memo

The memo was written by ethan harris, the head of global economic research for bank of america. It's sent to their clients, who themselves are having to make investment decisions and make profit. The Memmo expresses distress about a record tight labor market. What that means is that peoplear have too much freedom in terms of the a number of job openings they can choose between.

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