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Inflation Frustration as Fed Cuts Rates
The Weekly Show with Jon Stewart
Corporations vs. Consumers: The Balancing Act of Economic Growth
Supply-side stimulus and corporate subsidies often lead to corporate tax cuts resulting in stock buybacks rather than benefits for workers, highlighting a significant imbalance in the economy. While consumers and labor are penalized when they start gaining upward momentum, corporate inefficiencies go largely unaddressed. The economy can grow, as evidenced by a 3% growth rate, yet real wages have been declining, with notable wage growth occurring during times of high unemployment. A robust labor market can drive both wages and prices up, creating inflationary pressures that offset wage increases. This indicates that corporations have agency in this system, rather than being mere victims of market forces.
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