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Here s Why America s Labor-Shortage Will Drive Inflation Higher
Published: July 15, 2021
Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill.
America s labor shortage is complex and doesn t lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of getting America back to work which is Wall-Street-speak for
getting back to exploiting workers to maximize corporate profits.
Long-term demographics have combined with cultural changes and Covid-Lockdown epiphanies to completely re-order America s labor force beneath the superficial surface of re-opening. No one post can do justice to such a complex topic, so I ll touch on a few of the many inter-connected (and often mutually reinforcing) dynamics.
Here s Why America s Labor-Shortage Will Drive Inflation Higher zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill.
America’s labor shortage is complex and doesn’t lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of “getting America back to work” which is Wall-Street-speak for
getting back to exploiting workers to maximize corporate profits.
Long-term demographics have combined with cultural changes and Covid-Lockdown epiphanies to completely re-order America’s labor force beneath the superficial surface of “re-opening.” No one post can do justice to such a complex topic, so I’ll touch on a few of the many inter-connected (and often mutually reinforcing) dynamics.