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Retiring boomers and an aging population along with disability due to long COVID are leading to not enough workers. That is leading to wage inflation along wit
by lamontcg 4y ago
Retiring boomers and an aging population along with disability due to long COVID are leading to not enough workers. That is leading to wage inflation along with unionization since the workers currently are holding more of the cards.
That is the bridge too far for the Fed so they're cracking down like Volker. They didn't care about housing prices, rents, college tuition, the commodities inflation in 2010-2014, etc. Normal jobs like working in a restaurant are seeing wage inflation now and that can't be tolerated.