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1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Saturday, 30-Jul-2022 00:10:32 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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   https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/
   
   #Bank_of_America and the #Federal_Reserve are both blaming price inflation on workers, but in fact, the Fed, the banks, the Treasury, national political leaders, and decades-old decisions by corporate managers are at the root.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1)'s status on Saturday, 30-Jul-2022 00:21:56 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

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     in reply to

     • Economics of the US Economy
     Management decisions:
     * move production to low-wage countries overseas where there are fewer regulations covering things like working conditions and pollution;
     * switch to lean / just-in-time inventory for supplies / parts
     
     Then, when #COVID-19 hit, their supply chains collapsed and have still not recovered two years later.
     
     !econusa
   • simsa04 (simsa04)'s status on Saturday, 30-Jul-2022 00:36:44 UTC simsa04

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     in reply to
     Blame the workers and fight further wage increases after a GOP takeover of government seems to be the easiest lever to fight inflation, keep the wealth, and socialize the costs on the working poor. If that tool is at hand, then why fix prior decisions they don't see as mistakes?
     LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} repeated this.