Big Technology Podcast Inflation and The Great Resignation — With SoFi Head of Investment Strategy Liz Young and Margins’ Ranjan Roy
Nov 24, 2021
Liz Young, Head of Investment Strategy at SoFi, and Ranjan Roy, co-author of Margins, dive into the complexities of inflation and its effects on the economy. They discuss the surprising link between rising turkey prices and job resignations, shedding light on how the Great Resignation is reshaping the labor market. The conversation covers the challenges of monetary policy, the rise of young investors, and the evolving dynamics of work, emphasizing the need for adaptability in today’s financial landscape.
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Inflation Drivers
- The current inflation is primarily driven by supply chain issues and increased consumer demand, not solely by government spending.
- This is evident in the rising prices of goods, while services prices remain relatively stable.
Shipping Costs Surge
- Shipping costs from China to the US have increased drastically, from $2,000 to $14,000 per container.
- This is due to pandemic-related shutdowns and potentially intentional slowdowns by shipping lines to increase profits.
Supply Chain's Future
- The current supply chain disruptions may lead to long-term changes in business operations.
- Companies might reconsider their reliance on globalized supply chains and explore nearshoring options, impacting pricing strategies.