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I predicted we'd see rising prices for anything provided by essential workers: food, shipping, etc. I think if the lockdowns and pandemic continues, we'll conti
by wegs 6y ago
I predicted we'd see rising prices for anything provided by essential workers: food, shipping, etc. I think if the lockdowns and pandemic continues, we'll continue to see that.
The limit case is everyone stays home. We print money to allow people to buy food and medicine. Only essential workers contribute to the economy and do productive work. In the limit case, we see high inflation, large economic gains to essential workers, and a big hit to everyone else.
We're no where close to the limit case yet, but a modest rise is expected. With a big chunk of our economy shut down, the food sector is bigger, in relative terms.