[photochemsyn]

Supply and demand isn't monotonic across all categories, so treating demand for basic necessities like food and energy the same as demand for luxury items (gaming consoles say) makes little sense. Furthermore, if you look at that data, there's never been greater than full employment (and again, unemployment stats undercount the long-term unemployed).

Clearly, when energy prices spike, everything else follows (including food, which relies on energy for transport and production). Currently, fossil fuel interests are reaping record profits and share values have jumped over 50% since Dec 2021, an even bigger windfall than the defense contractors are pulling in. Ignoring this reality is hard to justify.