Inflation Series: Part 8 Demographics Are Now Inflationary
After decades of shifting labor-intensive factory jobs overseas, the United States finds itself in a new Cold War and a reversal of globalization. This is running into limits on the work force here in the United States. Not only is population growth low, but the percentage of the population willing to work has been in secular decline for decades.
How to get more people to work? Higher wages will help, but that will hurt corporate margins which are at record highs. It is too early to see any changes to this situation, but it is pretty easy to see the wage inflation at lower end jobs.
If you'd like to discuss how to manage your portfolio through this environment, please reach out to us at info@lloydsintrepid.com.
Chief Investment Officer
Lloyds Intrepid Wealth Management
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