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re: Fed economist: Ability to ramp up production is extremely limited
Posted on 7/12/22 at 9:38 am to deltaland
Posted on 7/12/22 at 9:38 am to deltaland
quote:
there isn’t enough labor and parts availability to increase production.
Where in the hell did all of these people go? What are they doing now?
Go to the grocery, low on people. Go to a restaurant, low on people. The oil industry says they are low on people. Etc. The labor markets are tight everywhere. Did these people just disappear? What in the hell are they doing to pay their bills?
I’ve had this conversation with many people, and get no good answers.
Posted on 7/12/22 at 9:46 am to dipsydoo3
quote:
Where in the hell did all of these people go? What are they doing now?
I ask this question all the time…what happened to them ? Retired ? Government cash to sit on job sidelines? The great equalizer may be a severe recession with job losses to balance this out. Something has to give as this can’t keep going like this.
This post was edited on 7/12/22 at 10:54 am
Posted on 7/12/22 at 9:48 am to dipsydoo3
quote:
Where in the hell did all of these people go? What are they doing now? Go to the grocery, low on people. Go to a restaurant, low on people. The oil industry says they are low on people. Etc. The labor markets are tight everywhere. Did these people just disappear? What in the hell are they doing to pay their bills? I’ve had this conversation with many people, and get no good answers.
See and hear the same thing. Everywhere you look or turn business are trying to find people. What happened to everyone? How are people living, paying bills, etc. without a job?
Posted on 7/12/22 at 9:51 am to dipsydoo3
quote:
I’ve had this conversation with many people, and get no good answers.
Same.
And this wasn’t an issue prior to covid. It’s like the service industry was slashed by 50%.
More legal immigration, I guess is the only solution.
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