Writers gonna artist. I wouldn't take it as anything but a colorful metaphor.
The strata who should be rightfully derided are the chauffeured-and-business-jet-class who have an embarrassingly-low tax rate while concentrating and keeping vast amounts of profits. Nearly 60% of the post-pandemic inflation was due to the profit price spiral. The "wage spiral" is a delusion and layoffs aren't actually necessary. They're business theater belying boosting corporate profits to keep up with the proverbial Jones' in other stocks.
> Nearly 60% of the post-pandemic inflation was due to the profit price spiral.
Any chance you have a source for this? I haven't seen that stat before and an not quite sure how we'd know that, or if the profit spiral was itself a side effect of monetary policy throwing new money into the system.
The strata who should be rightfully derided are the chauffeured-and-business-jet-class who have an embarrassingly-low tax rate while concentrating and keeping vast amounts of profits. Nearly 60% of the post-pandemic inflation was due to the profit price spiral. The "wage spiral" is a delusion and layoffs aren't actually necessary. They're business theater belying boosting corporate profits to keep up with the proverbial Jones' in other stocks.