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We aren't having massive inflation yet because we have labor from China and other countries producing goods for us. When one producer goes down, another ramps u
by nine_zeros 4y ago
We aren't having massive inflation yet because we have labor from China and other countries producing goods for us. When one producer goes down, another ramps up.
If America were producing its own things alone, the supply shock would have pushed inflation much much higher.
- josephcsible 4y ago> We aren't having massive inflation yet because [...] 9.1% isn't massive?
- civilized 4y agoI thought China's production has suffered even more than ours due to the COVID restrictions.
- nine_zeros 4y agoAnd when China went down, Vietnam, Indonesia and India ramped up. We are extremely privileged to be able to acquire resources even if one producer goes down.