What demand? Orders literally aren't coming into factories atm. This idiot is working off of last or two quarters ago numbers. This isn't reflective at all of any economic reality I live in.
He's talking specifically about labor demand not meeting labor supply which has the effect of raising wages. He also thinks that wages will continue to increase until it hits the equilibrium point which he thinks will cause more inflation because buying power will be higher. I don't know what reality he's living in. (i edited by comment above to make it more clear that hes talking about labor demand)
What demand? Orders literally aren't coming into factories atm. This idiot is working off of last or two quarters ago numbers. This isn't reflective at all of any economic reality I live in.
He's talking specifically about labor demand not meeting labor supply which has the effect of raising wages. He also thinks that wages will continue to increase until it hits the equilibrium point which he thinks will cause more inflation because buying power will be higher. I don't know what reality he's living in. (i edited by comment above to make it more clear that hes talking about labor demand)