Chapter
Labor Shortage and Its Impact on the Economy
15:53 - 20:54 (05:00)
Experts predict that the labor shortage in the United States will worsen and businesses will have to increase wages to attract workers. As a result, prices of goods and services may rise, and the Federal Reserve and the European Central Bank may tighten their posture.
Clips
The longshore routine at the ports involves two shifts, one from 8am to 4pm and another from 6pm to 3am.
15:53 - 17:08 (01:14)
Summary
The longshore routine at the ports involves two shifts, one from 8am to 4pm and another from 6pm to 3am. An overnight shift of five hours is available but is up to 50% more expensive and is rarely used.
ChapterLabor Shortage and Its Impact on the Economy
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The labor shortage is likely to worsen, leading to higher pay and prices as input and energy costs rise.
17:08 - 20:54 (03:45)
Summary
The labor shortage is likely to worsen, leading to higher pay and prices as input and energy costs rise. People are making different decisions about their time and spending after the pandemic, and the transfer of $70 trillion from baby boomers to younger generations is also a factor to consider.