The Federal Reserve may begin taking measures to raise unemployment.
Apparently, leading economists are feeling fairly confident about things, that they’re almost ready to start raising unemployment… because too many people working, might trigger inflation if unemployment is too far below the “natural rate”.
This should be a little unnerving especially for those who are already predisposed to economic vulnerability.
As leading economists are preparing to raise unemployment, concomitantly, numerous economists are publishing repeatedly redundant reports that wealth, income, unemployment, and other economic disparities persist despite best efforts to attain a fully robust macroeconomic climate.
These Federal efforts are juxtaposed with the crises being prioritized at local levels.
These initiatives are also juxtaposed with federal government debt obligations, which are 80% dependent upon payroll taxes.
It suggests strongly that the economic planners actually have full intentions of leaving behind a certain proportion of Americans? Apparently that magic number is about 4.5% of households or people?
Typically, in strong economic periods domestically, the wealth gap by race narrows, as it did during the Great Migration which lasted decades after World War II. However, in the last 50 years, and with greater acceleration to the downside over the past 10 years, the wealth gap by race has only widened.
If Federal economists will be guiding the economy back to higher unemployment, it may take more than just their ‘grace and mercy’ to close standing income and wealth gaps. It suggests that the gaps were never intended to be closed on this cycle, and the markets are potentially headed for a major trend change.
In any case, remain vigilant and take measures proactively to avoid becoming a victim of Federal efforts to raise unemployment.