Comments by "Jacob Watson" (@jacobwatson3781) on "Cramer's First Take: What initial jobless claims are suggesting" video.

  1. Wage increases have nothing to do with inflation or job cuts.
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  2.  @unholydonut  the absence of that data, one all too common theory is that rising wages create a reinforcing dynamic called a wage-price spiral. The story goes: When wages increase, consumer demand increases because workers have more income. That new demand increases prices, which necessitates higher wages to match price increases, creating a cycle that sustains inflationary pressure. Despite Federal Reserve Chair Jerome Powell himself stating, "I don't think wages are the principal story for why prices are going up," at Wednesday’s news conference, this narrative is echoed by politicians and business leaders alike — but economic evidence shows us this is more fiction than fact.
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