
January 30, 2023
Layoffs are the medicine America needs to take to break out of inflation’s vicious circle, says former Walmart U.S. CEO
The United States economy has but one solution to escape the tightening grip of a wage-price spiral: more layoffs. Unemployment must rise, potentially by another two to three percentage points, for there to be hope the cycle can be broken, according to a former Walmart executive, or the alternative is out-of-control inflation that will hurt every single American. “It’s crazy …