“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 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.
In a leaked private memo, bank of america 'hopes' that worker conditions worsen Beyond satire will walk you through everything you need to know. In a recent private memo obtained by the intercept, bank of america’s executive stated that “we hope” working americans will lose leverage in the labor market. “ 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 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 rate
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