Quote:
Originally Posted by John Mercier
The inflation is too much demand on labor, and not enough customer efficiency.
I live with it every day.
We can't find employees... and the customers will not change their pattern to be more efficient. In fact, they have chosen to be less efficient.
That causes more need for labor... and as the demand on labor increases... labor inflation takes hold.
Hence why large FED interest rate increases have not even created a dent.
|
I disagree. Increases in the cost of labor is a result of high energy costs, which increased the costs of everyday goods. The high energy costs were the genesis of the inflation, not labor shortage, which we were dealing with prior to January 2020.