The argument seems poorly constructed and hard to pull out from the article. But it boils down to, “Business won’t do it unless they have to. Lowering prices means demand has dropped and they need to boost demand. They will also cut jobs since they gave pay raises recenlty. Cutting jobs could result in a recession.”
I’m still a bit iffy if that’s the actual argument, but that’s my read right now.
The Washington Post page is paywalled. Here’s the same article on MSN.
The argument seems poorly constructed and hard to pull out from the article. But it boils down to, “Business won’t do it unless they have to. Lowering prices means demand has dropped and they need to boost demand. They will also cut jobs since they gave pay raises recenlty. Cutting jobs could result in a recession.”
I’m still a bit iffy if that’s the actual argument, but that’s my read right now.