5 ms·

Supply chain disruption is only a problem because central banks from around the world tried to print out of the pandemic. If they just let market run its cours

Supply chain disruption is only a problem because central banks from around the world tried to print out of the pandemic. If they just let market run its course, we'd have a severe recession caused by shutdowns and job losses in early 2020. Demand for consumer goods would be significantly reduced and the crippled supply would be sufficient.

lotsofpulp 4y ago
Supply of labor for the lowest paying jobs has been trending down since a decade ago (based on prices for those jobs having gone up since then). The bottom few income/wealth deciles have finally gained some negotiating ground, and so they can demand higher wages for late night work, customer service work, food service work, cleaning, and all that good stuff that allowed for cheaper products/services at all hours of day. If I were to guess, the labor supply for those types of jobs will continue to decline, so I do not think there is any short term way to counter that factor of inflation without lowering expected quality of life or some miraculous automation innovations.
- denton-scratch 4y ago
  > some miraculous automation innovations They don't have to be miraculous. In the UK, Brexit has caused the supply of ultra-cheap East European fruit-picking labour to dry up. Fruit growers are consequently now investing in automating fruit-picking. Automation is simply engineering; these problems don't require miraculous inventions. Anyone can build a machine to pick a strawberry. The trick is building one to a price-point, that can pick an entire polytunnel clean, without damaging the fruit too much. It's not innovation, it's just applying stuff we already know to solve practical problems.
briHass 4y ago
The lockdowns wouldn't have been possible without the PUA cash infusions; people wouldn't have tolerated it for more than a few days.

5 ms·

Supply chain disruption is only a problem because central banks from around the world tried to print out of the pandemic. If they just let market run its cours

by analyst74 4y ago

lotsofpulp 4y ago
Supply of labor for the lowest paying jobs has been trending down since a decade ago (based on prices for those jobs having gone up since then). The bottom few income/wealth deciles have finally gained some negotiating ground, and so they can demand higher wages for late night work, customer service work, food service work, cleaning, and all that good stuff that allowed for cheaper products/services at all hours of day. If I were to guess, the labor supply for those types of jobs will continue to decline, so I do not think there is any short term way to counter that factor of inflation without lowering expected quality of life or some miraculous automation innovations.
- denton-scratch 4y ago
  > some miraculous automation innovations They don't have to be miraculous. In the UK, Brexit has caused the supply of ultra-cheap East European fruit-picking labour to dry up. Fruit growers are consequently now investing in automating fruit-picking. Automation is simply engineering; these problems don't require miraculous inventions. Anyone can build a machine to pick a strawberry. The trick is building one to a price-point, that can pick an entire polytunnel clean, without damaging the fruit too much. It's not innovation, it's just applying stuff we already know to solve practical problems.
briHass 4y ago
The lockdowns wouldn't have been possible without the PUA cash infusions; people wouldn't have tolerated it for more than a few days.