3min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E137: Inflation cools, market rips, Ripple/MSFT beat regulators, NATO summit, cocktails of youth

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Fed's Response to the COVID Stimulation

We're kind of that's I think the conundrum we're in people You can boost the labor participation rate, right? You can attract more people to the workforce Yeah, and it drives wage growth, but ultimately keep this in mind. So the lower wage workers Let's use a simple example people that work in fast food There if their rates go from you know eight bucks to fifteen bucks to twenty five bucks an hour the cost of fast food goes up. On the food price index you'll see a rise in in food prices so right now it seems like the Fed and the market are all acknowledging and reacting to those conditions.

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