Credit: Max Kleinen on Unsplash
A vast array of unexpected supply shortages is defining the post-pandemic economic boom. The only thing not in short supply are stories about new shortages (sorry).
Let’s catch up:
These squeezes are all likely temporary, reflecting our current spot on the economic whipsaw. Demand drives prices up, supply will increase to meet demand, competition will drive prices down. Wash, rinse, repeat.
The labor market, on the other hand, does not follow such clear rules. Unemployment is still higher than it was pre-pandemic, yet some employers are finding it difficult to fill open positions (though not all—employers hired 900,000 workers in March). It may take longer for employers to recalibrate and adjust to changing motivations among potential workers. In the meantime, the only sure way to get something that’s in short supply is to pay the going rate.
If you like art and free booze, make sure to stop by 3700 Richmond Street, Jax, FL 32205 this weekend for Some Kind Of Connection, an art exhibition and sale featuring some of the best artists from across the southeast.
Show details here.
Go watch this new director's cut of a classic Prince guitar solo. Further evidence that Price is the greatest guitar player to ever live.
Credit: YouTube
Finally: some people throw stuff at ducks to keep them out of their pool. Others, more enlightened, throw their ducks into their pool, just for the fun of it.
