The Fed Has Already Lost the Inflation Fight – Ep 807
The Peter Schiff Show Podcast
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Isn't That Good for Workers?
In the fourth quarter of 20 21, we had a one % increase in unit labor cost that was an upward revision from the point three % rise that was originally reported. The expectation for c one was labor costs going up by six point eight. Instead, they exploded by 11 point six. Now, i know a lot of people might think, oh, isn't that good news? Unit labor cost was up. Isn't that good for workers? Well, no, because a lot of those costs don't go to the workers pay check. They just have to as the cost whether it's taxes, insurance, complying with regulations,. It costs money to hired people. And now it costs a
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