Jason HartmanCEO of Empowered Investor and Real Estate Tools

The Sad Future Of Inflation!

Name: The Sad Future Of Inflation!
Uploaded: 2024-08-25T19:23:51+00:00
Duration: 45 s
Channel: Jason Hartman
Description: In this YouTube commentary, the speaker argues that inflation will become a lasting new normal, driven primarily by rising wages. He explains that wage…

25 Aug 2024 · 1 min

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In this YouTube commentary, the speaker argues that inflation will become a lasting new normal, driven primarily by rising wages. He explains that wage inflation is particularly sticky, leading to higher rents and sustained price pressures. The speaker highlights a chart showing a 2 million U.S. worker shortage, emphasizing that labor scarcity compounds the inflation problem alongside the well‑known housing shortage. To address the labor shortfall, he predicts companies will increasingly rely on technology, which he expects will provide only partial relief.

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Inflation is going to be with us for a long time. In my opinion. It's going to be the new normal. Wages are going up, and that means rents are going to go up, because the wages create inflation. And wage inflation is a very, very sticky type of inflation. It's one that will last a long, long time. So very important, as we see this labor shortage, the chart on the screen shows available US Workers relative to demand. And you can see that there is a 2 million worker shortage. We always talk about the housing shortage, but we also have to look at the labor shortage. Now, how are companies going to solve this problem? Of course, they're going to try and do it with technology, and they're going to succeed to some extent.