Yep, when stocks start going south, the first thing to do is lower wages/fire people and the second is heighten prices.
People shouldn’t be under the idea that problems in wall street mean the rich are becoming poor. It means the rich will be less rich and the poor will lose their jobs and suffer higher prices. The GFC was proof that wall street fucks up and the rest of the population finds out.
Yep, when stocks start going south, the first thing to do is lower wages/fire people and the second is heighten prices.
People shouldn’t be under the idea that problems in wall street mean the rich are becoming poor. It means the rich will be less rich and the poor will lose their jobs and suffer higher prices. The GFC was proof that wall street fucks up and the rest of the population finds out.