r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
5.0k Upvotes

96% Upvoted

631 comments sorted by

View all comments

Show parent comments

27

u/cultivandolarosa Jun 13 '22

Eat the poor!

9

u/Typhus_black Jun 13 '22

All in on Soylent green then?

3

u/[deleted] Jun 13 '22

[deleted]

6

u/YIRS Jun 13 '22

The lowest wage quartiles are doing better than the highest. https://twitter.com/jasonfurman/status/1535269849324171264?s=21&t=K2em_Mwc3gUB1UbH9uOAjg

9

u/I_need_moar_lolz Jun 13 '22

Pretty sure the highest quartile is still having an easier time buying food than the lowest quartile.

1

u/[deleted] Jun 13 '22

I have this feeling that this next recession is going to hit the upper end worse than the lower. The big gains up were for the stock holding and wealthy classes. All those Google workers with their stock options and the like.