will assist in moving overall inflation lower. wow. so wage growth is the problem. i get from a macro standpoint the fed is trying to manage the problem. it s a devastating assessments. how about the 4.8 trillion in government spending? maybe that contributed? this administration honestly has been trying to sort of, you know i don t know, somehow highlight the job growth being strong but burying the fact that we re suffering from the worst inflation that we ve seen in decades. we are on the brink of recession. what do we do to those that are down? we kick them. that s basically what this is. wheeler just said and i want to quote him, that one of six members, by the way, of the fed s board. so they have collectively come up with this decision. that wages were rising faster than decades. making the target of 2% inflation. that s their target, 2%
and you ve written 64% of the workforce would consider looking for a new job if asked to return to the office full-time. i wonder if that is what is driving some of the quits we saw, people quitting their jobs in march, right, because they were asked to return to in-person work and they said no, i ll try something else. you know, workers have this option of plentiful jobs. 11.5 million job openings in march, a record high. and it has been at that near record high for a while. so there are more options and you really can have this kind of a la carte career where you can pick and choose. do i enjoy this job, is it flexible, can i set the hours, to the extent that we haven t seen in a really long time if ever. and so that gives optionality. what we need though from a macro standpoint is for more people to come back into the labor market. and they are trickling back in and probably not fast enough to meet the demand that companies have right now.
reading from axios, and the quote is as follows, democrats are privately concerned nationalizing the 2022 midterms with emotionally charged issues from critical race theory to donald trump s role in the january 6th insurrection. wait for it, will hamstring their ability to sell the local benefits of president biden s build back better agenda. i would add to that, david, for as much tisk tisking as there is among democrats in washington for things like josh hawley s masculinity initiative, joke if you wish, i m here to tell you as sure as i m sitting here, as sure as you re almost in bed, and we ll get you there shortly, that s going to be a thing, too. yeah, well, first of all, from a macro standpoint, so you think about 11 months from now as people are voting, where the pandemic is and we all hope it s endemic and not pandemic, whether the economy is not just statistically but in terms of people feeling better, in terms of their individual family
that they can do. selling the infrastructure bill. dealing with covid. kitchen table issues. and they could move forward, defending democracy. throw that on top as well. david plouffe, dramatic reading from axios. the quote is as follows. democrats are privately concerned nationalizing the 2022 midterms with emotionally charged issues from critical race theory to donald trump s role in the january six insurrection, wait for, it will hamstring their ability to sell the local benefits of president biden s build back better agenda. i would add to that, david, for as much to skiing us there among democrats. josh hawley s masculine in the initiative. joke if you wish, i am here to tell, you assures i m sitting here, as sure as you are almost in bed and we will get you there shortly. that is going to be a thing too. first of all, from a macro standpoint, so you think about
around the world who more desperately need those doses. pamela. phil black, thanks so much. dr. sanjay gupta joins me now. you heard that report, sanjay. you re a dad. what would you tell parents? well, you know, i got my girls vaccinated and they are between the ages of 12 and 15 and when that became ought raised i got them vaccinated. that was the result of doing lots of homework and making microjudgments and putting it all to go. i would tell you from a macro standpoint, pamela, if i would tell you there s hundreds of kids who have died of a new disease, tens of thousands who have been hospitalized and and there s a vaccine for it, if you didn t know anything else about this pandemic you would probably say thank you, there s a vaccine. we ve already put it in the context of comparing this to adults but there is large numbers, you know, here as well. much smaller risk than in adults but not zero ring. also i think to phil s point in his piece, phil black, the long-term impact