[quote=The-Shoveler]IMO Labor shortage can turn into a Labor surplus very fast once people stop spending.
Right now there is still just lots of money sloshing about.
That said I still stick to my theory that the FED and TPTB are scared to death of a recession for some reason and will issue helicopter money at first sign of serious downturn.
But if we were to get a serious recession I think it would look a lot like 2000 when everything crashed in a heart beat and even good tech people found themselves out on the street.[/quote]
I guess it depends on what.
For cars and electronics, there’s a supply chain issue, partly because China factories are closed.
Drivetrain uses 8, and attachments use several more, and need spares, and can’t get them.
Good thing competition season is over.
Manufacturing for other things is also backlogged just because some of these factories are running at reduced capacity due to closures… For example, there’s a 3 months wait for swerve drive systems…
For shits and giggles, a dealer in glendale wanted to know if I was interested in purchasing an i4 since they had 2 that are in stock not available elsewhere. They wanted $10k above MSRP….
I balked but again, supply chain issue is pushing car sales prices at unheard of prices.
