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Don t miss the big stories. Like us on Facebook. BRATTLEBORO â For 20 years, the National Association of Home Builders has been tracking the availability of building materials in the United States. âShortages of materials are now more widespread than at any at any time since . the 1990s, with more than 90 percent of builders reporting shortages of appliances, framing lumber and [oriented strand board],â wrote Paul Emrath, senior economist for NAHB, on June 2. And shortages mean price increases. Since April 2020, the cost of lumber has increased 180 percent, according to the NAHB, and that has added $36,000 to the average price of a new single-family home. ....
The tight market leads to competition, meaning higher wages and better benefits. There are less workers available than there are jobs available for those workers in certain sectors, Waldman added. Demand is high and supply is low and we ve seen that driving up local wages. But industries hit hard like entertainment can t stretch much more. We re already looking at what can we offer to these employees to make sure we re able to continue maintaining our business without running the business out of business, Starplex Crowd Management Services (CMS) Administrative Manager Ken Pierce told KGW. Businesses blame expanded unemployment insurance and stimulus payments. Some Oregonians make as much or more by not working. ....
China’s Economic Miracle Is Ending The China miracle is ending. That miracle consisted of very exceptionally strong growth of the economy. By 2010, GDP per capita, adjusted for inflation, was 17 times higher than it had been in 1980. Consider that if living standards doubled in a generation, that would be pretty cool. But a 17 times increase? That can be called a miracle. China’s growth has slowed in recent years, partly due to maturity. Extremely poor countries have the potential to grow rapidly. As they approach the level of developed countries, growth is harder and thus slows. See, for example, China Is Too Mature For Rapid Economic Growth. ....