00:00but the question is why do they call it wage inflation on the demand side if they don't call
00:04it profit inflation on the supply side there was a really interesting segment of the video that
00:09tried to hint at the answer to that question if we don't have full employment we don't treat it
00:14as an emergency when we have inflation we do and we can have an honest discussion about why that is
00:19but we should be honest about the fact that we do treat it differently that was john rizzo former
00:23spokesperson for the u.s treasury department and what he's hinting at is something no one wants to
00:28openly say and admit to which is that capital in this country or money has had a preferential
00:35treatment over labor meaning the way we treat those with money has been much better than the
00:40way we treat those with jobs investors have always had a priority that's because fiscal policy is run
00:48by politicians and politicians get bought and paid for it's a broken system it is very difficult for
00:54labor to win in the context of big business and lobbied interest
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