The Reversal of the Labor Market

Sally Kohn: The Fed came out with a study about labor conditions. She says it revealed that the minimum wage anyone would accept to take a job had increased another $2,000 over the course of the year or something. So basically, these labor studies are really reinforcing the Fed's idea that the labor market is so tight they can't possibly pivot and that inflation is going to remain hot," she says. "I think this labor story is going to blow up in their faces"