Exactly right! An unintended side effect of the artificially low cost of capital was that labor seemed expensive. All the long shot ideas that tried to "improve

Exactly right! An unintended side effect of the artificially low cost of capital was that labor seemed expensive. All the long shot ideas that tried to "improve productivity" - whether by replacing drivers with driverless cars, or robots flipping burgers are entirely uneconomical when cost of capital goes up. Now, capital has become more expensive and labor is also more expensive. It's a perfect shitstorm for a lot of projects.