The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 27102
Likes: 34420


Yet paradoxically, inflation is largely attributed to labor shortages.


You can say the fed is primarily trying to slow the economy to better match labor supply.

Tech is creating displacement and skill mismatches, and intl trade is often a convenient scapegoat.

Populism combined with the way voters connect with candidates and the world is a really toxic mix. We oversimplify and market populist ideas that create failures to see the answers reasonable immigration could provide to things from labor shortages to entitlement budget woes. But how do you generate excitement over stuff like that with tweet sized soundbites?

Very hard to intelligently approach problems in this environment, in a country as diverse as ours.

(In response to this post by fishhoo)

Posted: 06/30/2023 at 1:06PM



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