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by StatsAreFun
1708 days ago
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That's a good question and I would have to defer to an economist or someone better trained in these issues to say one way or another for sure (or maybe even "yes, but..."). My armchair opinion is the supply chain issues definitely have an impact just like how the 42% increase in fuel prices have a downstream effect on the fuel prices which affects the supply chain, etc etc... Some follow-up questions that immediately come to my mind are: (1) How does the average U.S. consumer think about supply chain questions? (2) How much more are the prices felt by the average U.S. consumer if I'm feeling them at my income level? (3) Will this translate to a shift in a more fiscally conservative mindset by voters in the upcoming round of elections? I've not seen any hard numbers but I would assume that the average HN reader (like my spouse and I) are more educated and earn more money than the average U.S. consumer. Please correct me if that is wrong, though! Going with that assumption however, my gut tells me that while we are relatively insulated from these CPI/inflation increases, the average consumer isn't and the financial impact to the average consumer is more of an existential threat. However - and this is not a knock on anyone at all because I really enjoy discussing supply chain questions too - I'm getting concerned that the majority of people in the country less fortunate than me do not have the luxury/privilege to have the same discussions. Since, at this point, these types of questions and discussions could probably be fairly be classified as academic at our level, it's very much real and not academic to those less fortunate. But please forgive that moralizing tangent! Just typing out these questions, concerns and thoughts as they come to me while I'm sitting here having my second cup of coffee and getting through my first round of meetings for the day. Hopefully nothing I said offended you or anyone else here and might even stimulate further conversation and fresh viewpoints or perspectives on these issues. :) |
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