Inflation is a stealth tax that crushes workers' real wages and savings. Once it gets unanchored, you need a brutal recession to kill it — way worse for jobs long-term.
Jobs come first. A paycheck keeps families afloat; slightly higher inflation is manageable, mass unemployment wrecks lives and communities.
Runaway prices destroy the purchasing power of every single paycheck. Price stability has to come first, because unchecked inflation eventually crashes the economy and kills jobs anyway.
Stable prices protect everyone's paycheck; chasing low unemployment with inflation just screws the poor hardest.
