COVID turn the USA and the rest of the world upside down, shutting down the economies of many countries to keep the virus from spreading. We later found out that shutting the economy down did not really stop the spread of the virus, but that knowledge was too late.
Because of COVID, the USA experienced supply chain problems, people wanting to work problems, and increased prices because of all the cleaning that had to be done to make sure the virus did not spread.
The COVID relief packages that were spent by the Trump and Biden administrations increased the supply of money in the economy but did not increase the supply of goods and services creating a huge surge in inflation. When Biden closed down the pipeline trying to get away from fossil fuels and move towards green energy, further strain on the economy was created.
Today, we are left with higher prices than expected due to the inflation, higher gasoline prices because we have to buy oil from OPEC, supply chain problems still exist, and because many people do not want to work, there is a labor shortage in almost every industry.
COVID is no longer directly responsible for these problems but it is indirectly responsible because many retailers are using COVID as an excuse for higher prices.
- Food at restaurants are higher
- Services provided are higher
- Poor customer service is rampant
- Shelves are empty at some stores
- Wages have not increased
- Job vacancies are increasing
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