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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="RonJohn" data-source="post: 798157" data-attributes="member: 2426"><p>It is all interconnected. Interest rates will have to rise to stem off inflation. Spending will then decrease which will cause at least recession if not depression. I am not an economist, but from my take it appears to me that the government has spent much more than required to make up for losses during the shutdowns. At this point, many places are having problems finding workers. I have heard of a few places where workers are leaving companies en masse to get to higher paying jobs, which causes those places to raise wages. All of the companies involved will have to raise prices. That is going to result in higher prices, which will severely dampen the benefit to the higher wages. Eventually inflation will occur and things will settle down. There will be a temporary bump for some as wages rise, but when it is all past the ups and downs, people in relative job categories will be in exactly the same relative position that they are now.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 798157, member: 2426"] It is all interconnected. Interest rates will have to rise to stem off inflation. Spending will then decrease which will cause at least recession if not depression. I am not an economist, but from my take it appears to me that the government has spent much more than required to make up for losses during the shutdowns. At this point, many places are having problems finding workers. I have heard of a few places where workers are leaving companies en masse to get to higher paying jobs, which causes those places to raise wages. All of the companies involved will have to raise prices. That is going to result in higher prices, which will severely dampen the benefit to the higher wages. Eventually inflation will occur and things will settle down. There will be a temporary bump for some as wages rise, but when it is all past the ups and downs, people in relative job categories will be in exactly the same relative position that they are now. [/QUOTE]
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