A conversation with Professor Joseph E. Stiglitz
On The Job
00:00
How to Deal With Inflation and Low Wages
We're dealing with a largely provitise economy that's delivering inflation and low wages. Inflation is running a little we haven't seen for decades, and it will continue to grow. What i worry about is the focus on the wrong solution. There will be continued inflasion. Interest rakes could continue to go up until you get a serious recession. And that will make workers even worse off. I think they're a whole set of policies to try to curb corporations taking advantage of their market power. Over the long run, we need stronger competition laws. But in the short run, you can use tax policies say, if you raise prices faster than your cost, you're going to
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