Commentary Washington has explained the entire inflation through supply chain problems. It’s why Federal Reserve (Fed) Chairman Jerome Powell initially described the pressure as “transitory.” Though he has withdrawn that descriptor, he continues to speak in terms of supply matters—so does President Joe Biden. The inflation probably has other causes as well, but even in the context of supply chain matters, the administration seems loath to deal with their most significant aspect—the severe shortage of workers. It’s strange, indeed, that the administration has focused instead on peripheral matters, such as inefficiencies at the Port of Long Beach and the practices of the nation’s meat packers. Stranger still, the worker shortage is where the White House could make the biggest difference. Labor Department figures make the extent of the problem plain. The nation’s civilian labor force peaked in December 2019 at 164.6 million either at work or actively seeking it. After …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta