From Mock Paper Scissors:
Guys, if you can believe it, Bank of America is really hoping for widespread unemployment:
The hope from Bank of America is that more people will be unemployed and workers will have lost this rare moment of bargaining power. Fat cats in corner offices believe that paying workers causes inflation, and not the record-breaking profits from price gouging.
We also note that the Federal minimum wage of $7.25/hr was last updated 13 years ago, and after inflation, people making U.S. minimum wage are earning less now than 60 years ago. That should put a smile on B of A executives vulpine faces.
I'm sure this Ethan Harris has already issued an answer such as "I meant we expect…", but the lapsus remains too obvious to be corrected now.