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How To Fight Inflation
Heading into the 2022 midterm elections a lot of people are on the fence. And for most of us the economy is front and center.
I’m a life-long independent, so I don’t really want to tell you who you should be voting for — that’s your choice to make.
But, there are many people running for positions of power who don’t act like they believe in a truly democratic government like our founders and veterans fought for.
We need to make sure we get it right in 2022 and don’t put the power into hands of people that are really operating as Putin’s useful idiots than responsible politicians looking out for our future here at home.
With that being said, in this article we will examine the real causes of inflation — and what I think we can do to fight back.
In today’s global economy supply chains are complex. People get degrees on the matter and hold well paying jobs responsible for making sure things go right. The base salary for Top Supply Chain Management Executive ranges from $239,001 to $336,692 with the average base salary of $280,756.
Before the introduction of Covid-19, America’s supply chains were already old, outdated, and inefficient — making them highly susceptible to any serious interruption.
So, what can be done to improve the efficiency of our supply chains?
To improve America’s supply chain woes, a lot needs to be done. Ports and shipping must be modernized and hours of operation need to be 24/7.
Obviously, supply chains and fulfillment rely heavily on the labor of humans. In order for humans to perform labor they must be willing and able.
The gross mismanagement and lack of understanding pertaining to the impact of Covid-19 (an infectious disease) on the labor force and supply chain may be seen as one of the greatest failures in world history — and one of the main factors responsible for today’s sky-high inflation.
It’s true that for most people, especially those in good health, Covid-19 results in a fairly mild illness (if any illness at all). However, focusing on that one fact is severe tunnel vision and blinds people from seeing the real threats and consequences of the disease.
You really don’t need to be a real medical doctor to understand these grossly simple concepts. If you’ve ever been in a household (or a business) where everyone is sick — it’s impossible to have a very productive household (or business). If nothing else, it’s certainly going to be less than optimal.
No matter how you lean politically, even if you’re retarded, if you’re a functional human being — it’s easy to see how the introduction of Covid-19 could have a massive effect on the efficiency of our worldwide supply chains and labor forces. Let’s look at the numbers:
Symptomatic (0-17 yrs): 22.36/25.84
Symptomatic (18-49): 64.03/75.18
Symptomatic (50-64): 23.38/27.41
Symptomatic (65+): 14.63/18.01
Diabetes: How many people have diabetes? 34.2 million people, or 10.5% of the U.S. population, have diabetes. An estimated 26.8 million people – or 10.2% of the population – had diagnosed diabetes.
Obesity: The U.S. adult obesity rate stands at 42.4 percent (2020).
Cardiovascular Disease: About 20.1 million adults age 20 and older have CAD (about 7.2%). (2022)
The labor force isn’t just affected at the time of the initial infection. A new study has reported 4 million people are currently out of the workforce due to long Covid.
Covid vs Supply Chain: It’s easy to see that the more Covid-19 there is in the population the more our productive labor output suffers. Not just in the short-term, but in the long-term as well as a result of long Covid and the increase in population morbidity due to sequelae.
It’s not just Covid, though, that has had an effect on our contracted labor force.
That’s right, over the last few years we have seen a major decline in immigration into the United States. None of us should be shocked that a shortage of immigrants could directly lead to a shortage in the labor force — because immigrants account for a portion of the labor force.
In fact, immigrant labor is involved in one way or another with almost every American’s life. This is a good thing, as they’re often low paying, labor-intensive jobs. They help us keep prices low (hence, the inflation) and allow the rest of us the luxury of pursuing less labor-intensive, higher paying jobs. Thank you, immigrants. More, please?
Let me put this bluntly: we have allowed the health care system to become an extortion mechanism in the United States.
A healthy society is imperative to having a productive, functional society. Nobody really argues with that.
So the question is really, how can we save money and do it most efficiently?
You don’t need to be a genius to know leaving it all up in the hands of corporations responsible for maximizing revenue for their shareholders is probably not going to lead to the most cost effective system being implemented — and it hasn’t.
The problem with our system, as simple as it may sound, is that the people in control (corporations) are basically the ones charged with controlling how the whole system works. They control the pricing and services; and if you can afford it you’ll pay it and if you can’t afford it the taxpayers will pay it.
Our current system has three major problems. As mentioned, we have allowed profit-driven corporations to decide what the prices are. But, there are also consequences to having a fractured system. A fractured system leads to friction within the system. Like in physics, friction leads to wasted energy. There is an additional burden and cost to logistics and communication in our system. And finally, because of our fractured and complicated system, people often receive delayed care — which ultimately leads to a higher price of care.
[Pre-Covid] Public health studies have shown that transitioning to a more efficient medical system would save nearly $500 BILLION, 68,000 lives, and 1.73 million life-years — every year.
Adding to that, it was reported earlier this year that nearly 1 in 5 health care workers have quit their jobs and a third of nurses plan to quit their jobs by the end of 2022, citing burnout and high-stress work environments. That is the direct consequence of a poorly managed Covid-19 pandemic.
Thanks to the introduction of Covid-19 and the labor force fallout due to poor handling and management of the initial outbreak we will have two new significant problems that must be incorporated into our health care system: (1) fewer health care workers available to provide health care, and (2) increased health care needs due to Covid-19.
According to value penguin.com (2017-2018), the average cost of tuition for a public two-year college (in-district) was $3,570; $9,970 for public 4-year (in-state), $25,620 for public 4-year (out-of-state), and $34,740 for private 4-year.
Think about that.
Personal Disclosure: I went to one of the best private schools in the Country for undergrad, and I went to medical school. I did fairly well in both — and I rarely went to class or studied materials from lecture. I read the text books and showed up for exams.
So the question is, why in the world do we have to pay so much to an institution to learn things printed in books?
We need to ensure everyone has access to an adequate education. But, many of these colleges are charging exuberant fees and they are getting paid via the taxpayer. That needs to be fixed.
The average American renter pays $1,326 a month. For those looking to move, prices are even higher. The average asking rent is now $1,900 , with single-family houses averaging $2,018 a month, while a typical apartment costs an $1,659.
Updating our energy infrastructure is essential to controlling prices in the future. Oil and gas was a revolutionary technology in the 20th century but it’s now dated, labor-intensive, and is contributing to an exploding cost resulting from global warming and climate change.
An updated energy infrastructure will rely on smarter, cleaner, more efficient technologies that lower the costs in the future. The transition will be laborsome but the end result will be better for all and provide technologies that are marketable to other countries.
What a disaster for the staples. Not only has Covid wrecked shop but the last year has seen major outbreaks that have laid hay to the chicken, pork, and beef industries.
You may also remember the contamination of the baby formulas.
It doesn’t just stop there, though. Milk cows experience optimal lactation around 55-65° F. And milk must be stored below 40° F.
We, again, have had one of the hottest years on record. Extreme temperatures lead to lower yields and more expensive energy and transportation costs.
Gas prices are out of control. And there are numerous factors causing that. At the end of the day the transition to an updated infrastructure is going to come at the expense of the gas & oil industry.
In the future we may never stop at gas stations. We’ll simply plug our vehicles in between drives and pay pennies on the dollar for getting things from point A to point B.
We shouldn’t be surprised if it’s not all peaches and giggles throughout the transition. The quicker we get to the other side the better.
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