Global Staff Shortages And Inflation!
In this commentary, the speaker examines recent global staff shortages and their inflationary consequences. Using a chart that tracks employer reports from 2017 onward, he notes that Japan shows a modest improvement, Germany worsens, and a range of other economies—including India, the United Kingdom, the United States, China, Colombia, and Finland—report deteriorating labor markets. He attributes these persistent shortages to structural demographic factors: the baby‑boom generation had fewer children, resulting in a smaller prime‑working‑age cohort whose successors are perceived as over‑entitled. Consequently, the speaker argues that these shortages will be embedded in the economy for many years, driving higher wages and sustained inflationary pressure.
