A couple of good points. I'll add a few thoughts
(1) the last person who didn't run a deficit during a recovering economy was Slick Willy. and that was a long time ago now. we can chalk that up to many factors, but theDonald ran deficits during an economic expansion that would make Obama blush. I'm not sure how we break the cycle - nobody seems to care any more (other than around election time).
(2) i worry it won't be transitory. stimulus and benefits will run their course (hopefully), but we seem to be *attempting* to come to grips in this country with what it means to earn a living wage. The $15 min conversations started before the pandemic, and (as with just about everything else), the pandemic seems to be accelerating those conversations. In a service economy, wages are a major cost driver. If we're going to raise wages, for any reason, we should expect prices to go up. Not a commentary on the wage policy proposals on the table, just a statement of the obvious. [Post edited by Capital City Hoo at 05/12/2021 11:40AM]
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In response to this post by orangenblue)
Posted: 05/12/2021 at 11:27AM