> How can there be a supply chain crisis and a inventory surplus? Different times and different things. There can be a surplus of T-shirts from Vietnam and a s

> How can there be a supply chain crisis and a inventory surplus? Different times and different things. There can be a surplus of T-shirts from Vietnam and a shortage of 90nm PMICs at the same time. There can be a shortage of stuff in December due to port problems, but an oversupply of that (out of date) stuff in February. Not to mention the drop in real income and a large drop in goods spending as aggregate spending shifts again back to services like air travel. > Why did they not adjust the wages accounting for the labor shortage? There are far more jobs than people to hire, at present there are guaranteed to not be enough people somewhere. That will be wherever has the least capacity to pay more - and airlines are notable for being extremely low margin.