Where is everyone working at?
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Not sure how many will see this but in addition to aging retiring work force, lower birth rates, people being less willing to work for not enough while making someone else rich, the vast amount of money pumped into the economy by the Fed is driving problems now too.
We printed all this cash, put it into circulation, and it’s being used to try to drive economic expansion. So you take the cash, try to start or expand your business, and hit a road block that despite the investment capital there’s no human capital to go along with it. So lots more money in circulation and but not more economic activity to accompany it. if the cash weren’t in circulation, the accompanying push for people to use it would not be there, and there wouldn’t be a labor shortage. It’s a big reason why inflation is so high too.
I’m not a Biden guy, but the inflation on his watch is really rooted in things that started under his predecessor. I’m not a Trump guy either, he’s getting a pass for how all that COVID aid $$ printed on his watch is impacting us now.
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