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Leaked bank of america memo “we hope that by the end of next year the ratio of unemployed to unemployed will be below the more normal height of the last business cycle.” the memo comes amid a push by the federal reserve to “cool” the. “we hope” conditions for american workers will get worse the financial behemoth privately fears that regular people have too much leverage
Ken klippenstein, jon schwarz a bank of america executive stated that “we hope” working americans will lose leverage in the labor market in a recent private memo obtained by the intercept Beyond satire will walk you through everything you need to know. A bank of america executive in a leaked memo wrote “we hope” that the ratio of job openings to the number of unemployed lessens significantly, meaning american workers will have fewer options
As klippenstein & schwarz note, this memo comes amid a push by the federal reserve to cool down the economy
This recent, unusual moment of worker leverage made bank of america quite anxious The memo expresses distress about a record tight labor market, stating that wage pressures are.going to be hard to reverse. The intercept • july 29, 2022 abank of america executive stated that “we hope” working americans will lose leverage in the labor market in a recent private memo obtained by the intercept Making predictions for clients about the u.s
Economy over the next several years, the memo also noted that changes in the percentage of americans seeking jobs “should help push up the unemployment. In a leaked private memo, bank of america 'hopes' that worker conditions worsen
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