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submitted 2 weeks ago by Clbull@lemmy.world to c/196

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[-] turnip@lemm.ee 1 points 2 weeks ago* (last edited 2 weeks ago)

Many countries started mass immigration after the global inflation caused by global QE and money supply growth, in order to prevent wage inflation. They did this mass immigration just as central banks were raising rates to cool the economy.

This is likely what you are feeling, there was a small time when there was a labor shortage and all the talk of 'quiet quitting' before they started this scheme, as depicted by the phillips curve, now its too many workers fighting for too few jobs as high interest rates slowed things down.

https://en.wikipedia.org/wiki/Phillips_curve

this post was submitted on 04 Apr 2025

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