The reality is, its only impact has been as a cover story to conceal jobs that were already going to be cut.
It’s patently ridiculous how many people in positions of authority have parroted talking points about this and laughable how many journalists and publications have uncritically reported those talking points as if they have merit.
And the reason they were actually cut is because monopolists raised prices so that inflation would drive up interest rates, killing competition and labour power, leading to consolidation of the monopolies and fewer jobs and less competition overall.
The reality is, its only impact has been as a cover story to conceal jobs that were already going to be cut.
It’s patently ridiculous how many people in positions of authority have parroted talking points about this and laughable how many journalists and publications have uncritically reported those talking points as if they have merit.
And the reason they were actually cut is because monopolists raised prices so that inflation would drive up interest rates, killing competition and labour power, leading to consolidation of the monopolies and fewer jobs and less competition overall.