Economic Update: Inflation and Labor Shortage
Help us reach 300, 000 subscribers We are very close to reaching this important milestone but need your assistance. Please like and subscribe and get your family and friends to do so as well. S11 E25 Repeat Inflation and Labor Shortage In this week s show, Prof Wolff talks about the social effects of inflation and the lack of accountability on the part of employers. Capitalist employers set prices with the only motive of maximizing. Employees, the vast majority, must live with inflation but are excluded from decisions setting prices. Employers scream labor shortage to get the government to force workers back to work at low wages. Employers also recover from economic crashes while undercutting workers efforts to do the same and that s how capitalism works. This episode is a repeat. Original air date was July 12, 2021. Economic Update with Richard D. Wolff is a democracyatwrk production. We make it a point to provide the show free of ads. Please consider sup
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