For a society to survive, it has to produce, innovate, create, and build.
In other words, our survival (as for all of history) depends on us working.
This should really scare us then:
The National Association of Business Economics (NABE) found that nearly half — 47% — of respondents to its Business Conditions Survey reported a shortage of skilled workers in the third quarter. That's up from 32% reporting shortages in the second quarter of the year, which already was too high for comfort. And nobody thinks the labor shortages will just disappear as 2021 turns to 2022.
CNN goes on to say that this is all "a hallmark of the recovering pandemic economy," because the clowns over there don't want you to doubt our fearless leftist leaders and the giant mess they're making.
It gets even worse:
While retaining existing workers and attracting new ones is top of mind for businesses, their second major challenge centers on rising prices and supply chain chaos.
One-third of survey respondents called the increased price pressures the biggest downside risk to their operation. Perhaps more eye-opening: not a single business that took part in the survey had lowered prices in the third quarter and none expect to cut prices over the next three months, either.
Over the summer US inflation indicators soared. Consumer price inflation rose to a 13-year high in the summer months, while another price index tracking consumer spending — the PCE index — rose to a fresh 30-year high in August.
CNN notes that these high prices haven't caused people to stop buying, but you have to ask:
- Is this because people are suddenly making a lot more dough, or because they've been flushed with government stimmy money and encouraged to stay home on welfare because they might get the sniffles?
- What happens when all that government "money" (newsflash: it's actually debt), runs out?
- What happens when prices continue to climb and the government keeps increasing tax burdens and other regulations?
Let me just take a moment to remind you that a crashing plane seems to still be flying, even when it's only a foot off the ground. But when that impact hits...
It's gonna be a bumpy ride!
P.S. Now check out our latest video 👇
