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No! At least they can't have any effect on today's situation. The high inflation (it is coming down - it was 8%% - its down to 4%) was caused by worker shorta

No! At least they can't have any effect on today's situation. The high inflation (it is coming down - it was 8%% - its down to 4%) was caused by worker shortages after the pandemic. Fewer able-bodied workers after covid commanded higher prices, just as the serfs who survived the Black Death in the middle ages commanded better working conditions subsequently. The shortages in goods as fewer factory workers could make them and fewer truckers could move them also raised prices. None of these causes for higher prices is impacted by higher interest rates.

Clubber 3y ago
Also boomers retiring. It's gonna be a tight labor market for 10-20 years. Enjoy it you youngsters! https://populationeducation.org/resource/u-s-population-pyramid-infographic/ https://populationeducation.org/resource/u-s-population-pyra...
- granshaw 3y ago
  Tight labor market* * except the tech market the majority of this audience participates in
  - bequanna 3y ago
    Jobs are still pretty easy to get if you have actual engineering and/or management skills. Not so much if you’re a recruiter, product manager or have “DEI” in your title.