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fasttense

(17,301 posts)

1. I've always thought the Fed hated workers

Reply to Ichingcarpenter (Original post)

Wed Jul 11, 2012, 07:22 AM

Jul 2012

And now I know it's true.

Workers need to fight back. But instead they seem willing to accept any and all crap being thrown at them. The war was won by the uber rich with barely a whimper from workers.

"Nobel Laureate Paul Samuelson told a conference sponsored by the Federal Reserve Bank of Boston that “America’s labor force surprised us with a new flexibility and a new tolerance for accepting mediocre jobs.”"

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Sado-Monetarism The Role of the Federal Reserve System in Keeping Wages Low [View all] Ichingcarpenter Jul 2012 OP

I've always thought the Fed hated workers fasttense Jul 2012 #1

This guy goes deep into the mess Ichingcarpenter Jul 2012 #2