Friday, April 09, 2021

Inflation Ahead?

 I'm seeing media reports of a looming labor shortage--restaurants are reopening but can't find help.

My local supermarket seems to be having staffing problems as well. 

This raises the possibility of inflation coming.  If the labor supply at the low end has been disrupted by the pandemic and possibly the Trump crackdown on immigration, wages will have to rise at the lower end.  Perhaps that will diminish our inequality, or perhaps the better paid among us will try to maintain the wage gap and push for more pay themselves.

We'll see. 

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