A good discussion on inflation. It seems the shortage of goods is at least somewhat related to the shortage of labor for which there are many reasons. I visited my Ford dealer yesterday and he told me he was offering wages he would never have dreamed of a year ago and people still will not work. That's in NE Georgia. California, where most imports from Asia arrive, has even more problems related to labor laws and other restrictions on free enterprise. Demand pull is not currently the sole cause of inflation. Non-productive government spending and wages exceeding the value of the labor are major factors.
Anyhow, you have researched better than I have so I appreciate the effort. Now, if you can tell me when interest rate increases will make my stock holdings 25% less valuable, I would be even more appreciative. I don't have many options since Walmart has discontinued hiring greeters.
And yet people still haven't gone back to work now that Fed benefits have been curtailed.
People are reevaluating their careers and lives. Some will stay home to take care of their kids full time: others will wait for better jobs 'cause they no longer wanna flip burgers or the like.
Could be. While some benefits have been curtailed, others like child tax credit have been rolled out. In the interim, they must have some means of making ends meet. Working off the books, basic unemployment, charity or criminal activity. We won't let them perish which is why a libertarian society will never work.
In its purist form, yes. In real life we would not allow people to really suffer the direst consequences of their poor decisions. Plus the situation is often complicated by children and innocent bystanders. Not to say that individuals should be shielded from all potential hardships by a nanny state. For instance the California AB-5 law is totally uncalled for and benefits no one but labor unions and their bought- and paid-for politicians.
Trying to somehow kludge AB-5 and nanny state together is really odd, dude. You should read up on it some more: it has some serious flaws, but nanny state it is not.
A good discussion on inflation. It seems the shortage of goods is at least somewhat related to the shortage of labor for which there are many reasons. I visited my Ford dealer yesterday and he told me he was offering wages he would never have dreamed of a year ago and people still will not work. That's in NE Georgia. California, where most imports from Asia arrive, has even more problems related to labor laws and other restrictions on free enterprise. Demand pull is not currently the sole cause of inflation. Non-productive government spending and wages exceeding the value of the labor are major factors.
Anyhow, you have researched better than I have so I appreciate the effort. Now, if you can tell me when interest rate increases will make my stock holdings 25% less valuable, I would be even more appreciative. I don't have many options since Walmart has discontinued hiring greeters.
I think you're exactly right that labor shortages are also a factor.
I wish I did have a crystal ball! :D
And yet people still haven't gone back to work now that Fed benefits have been curtailed.
People are reevaluating their careers and lives. Some will stay home to take care of their kids full time: others will wait for better jobs 'cause they no longer wanna flip burgers or the like.
Could be. While some benefits have been curtailed, others like child tax credit have been rolled out. In the interim, they must have some means of making ends meet. Working off the books, basic unemployment, charity or criminal activity. We won't let them perish which is why a libertarian society will never work.
So might as well drop that pipe dream.
In its purist form, yes. In real life we would not allow people to really suffer the direst consequences of their poor decisions. Plus the situation is often complicated by children and innocent bystanders. Not to say that individuals should be shielded from all potential hardships by a nanny state. For instance the California AB-5 law is totally uncalled for and benefits no one but labor unions and their bought- and paid-for politicians.
Trying to somehow kludge AB-5 and nanny state together is really odd, dude. You should read up on it some more: it has some serious flaws, but nanny state it is not.
Trying to dictate that contractors must work for corporations that provide heath and unemployment benefits is the ultimate nanny state, dude.