The Long Covid Economy: Will the pandemic permanently change our society and investments?
Many Happy Returns
The Aftershocks of the Pandemic
There's an imbalance between supply and demand and the labor force. And presumably, the higher wage growth that we're seeing right now is a result of that unbalanced labor force supply and demand. This is the thing that Jerome Powell has always been on about. Well, hopefully the marbles of modern medicine will bring more people back into the workforce in time. But I think we're going to be seeing these aftershocks for a long time. The initial effects were obvious. You switch the economy off, you switch it back on again,.You get the energy spike, you get the surge in demand,you get the type of labor force.
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