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Once again, I'd like to understand why "lower unemployment" is more important than people actually being able to make a living.

What is all that employment for if people can't pay their bills from it?

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Shifts the balance of power away from labor in favor of business. Puts a thumb on the scale. It is corruption.

In favor of business and also government who has a great degree of control over inflation. The government also benefits a lot from inflation of course, the tax brackets don't change and they have trillions of dollars to spend. Labor doesn't have even a fighting chance.

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