I would say that layoffs are coordinated amongst the elite somehow at this point. Am I the only suspicious mind? Of course not: https://theintercept.com/2022/08/10/intercepted-inflation-bank-of-america-worker-power/ TC 300K* *Depending on how bad it gets this year
Executive pay is so irrelevant to the overall size of the economy that it borders on a distraction Tamping down wages and slowing down the labor market is, unfortunately, going to be part of bringing inflation under control
Executive pay is a real issue. When you Csuite make 200x of your average IC, it is a real issue
It's a little speck of dust compared to the size of the whole economy. Utterly irrelevant to inflation