Economists still design crisis solutions that make workers absorb most hardship

Evidence

Despite repeated economic crises, economists are still relied upon to devise the solution when a new crisis emerges, and their solutions continue to require that workers absorb the lion’s share of hardship through lower wages, longer workdays, and welfare cuts. — Clara E. Mattei, The Capital Order, 77

Categorization

• XREF: Direct bridge from interwar austerity to the reader’s core interest in modern neoliberalism; echoes the 2008 crisis and pandemic-era inflation responses.