The Fed’s Fight Against Inflation Could Cost Black Workers The Most

4/8/2023

This article from FiveThirtyEight examines the potential impacts of policies aimed at fighting inflation on Black workers. It highlights how efforts to control inflation, such as raising interest rates or reducing government spending, can disproportionately harm marginalized communities. The article cites examples from history, including the policies adopted in the 1980s to combat inflation, which led to job losses and worsened employment prospects for Black workers. It discusses the importance of considering the social and economic implications of anti-inflation measures on already disadvantaged groups. The article provides insights into the complex relationship between inflation, monetary policy, and racial inequality in the labor market.

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