The inflation of 2021/2022 is undoubtably the result of key Republican policy failures specific to the workforce and oil pricing. These two Republican pressures behind the worldwide supply availability are the three direct causes of inflation. Mic drop.
1. Labor shortage - 3.5M deficit in workers
- Declining immigration
- Covid deaths
- Early retirees due to safety
2. Gas prices
- Oil rig shut downs during Trump - over 600
- Negotiated reduction in OPEC - over 2M B/D
3. World wide supply shortage
- This is not the pubs fault as it’s affected every country.
Irrefutable Data:
Don't blame millennials and Gen Z—it's the boomers who are done with work.
fortune.com
Their exit is causing a ripple effect. Between early retirees, “a surge in deaths,” and a decline in immigration, the American labor force is missing
about 3.5 million people, Fed chair Jerome Powell
said in late November. The excess retirements in particular “might now account for more than 2 million of the 3 ½ million shortfall in the labor force,” he said. Experts worry the shortfall could make it harder to tame inflation.
Oil rigs in use at the end of January:
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