archive.today • Persistent Inflation Threatens Biden's Agenda - The New York Times
Supply chain disruptions, a worker shortage and pain at the gasoline pump have made inflation an economic and political problem for the White House.
archive.today • Persistent Inflation Threatens Biden's Agenda - The New York Times
Supply chain disruptions, a worker shortage and pain at the gasoline pump have made inflation an economic and political problem for the White House.
The number one thing keeping people out of the labor force is the cost of childcare. The number of people working is about 1-2 million less than it was pre-Covid, and that basically adds up to "women with young kids. realizing that they were working for $2/hr net after the cost of daycare", plus some Boomers retiring early due to big stock gains plus disease fears.
Yeah I was thinking about that this morning. Not just the dead - those disabled but not killed by the disease, those who decided to retire because of it, those who went into independent work such as from home, etc. Like the supply chain woes its a thousand little cuts across the globe that have added up, and time will not fix it in the short term.