The Art Of The Lose-Lose Deal | ZeroHedge
Authored by MN Gordon via Economic Prism,
Has there ever been a worse time to be a lowly American wage earner?
First, Washington spewed out $6 trillion in printing press money. This pushed consumer price inflation to a 40 year high. At the same time, it diluted wages from a standard lager to a pilsner light.
Now, at this very moment, the demand for higher wages through union organization is leading to the mass culling of payrolls. The higher wages go. The less (more…)