Expert: Infrastructure Push Could Worsen Supply Shortages

The video discusses global shortages and high prices, urging against hoarding. It highlights the challenges of unemployment and inflation, noting that the Consumer Price Index is rising. The video predicts that shortages will ease by early 2022 but warns that a massive infrastructure package could increase costs. It emphasizes patience in the short term and the need to prevent future pandemics to avoid economic strain.

What is one of the main reasons for the current difficulty in filling open jobs?

• Increased unemployment benefits

• High demand for luxury goods

• Lack of available jobs

• Resumption of economic activities

Why are comparisons of current prices to those in 2020 considered inaccurate?

• 2020 saw a significant economic boom

• 2020 had unusually low prices due to the pandemic

• 2020 was a year of high inflation

• 2020 had stable economic conditions

When are the shortages predicted to start easing?

• End of 2021 to January 2022

• Mid-2022

• End of 2022

• Early 2023

What could potentially drive material and labor costs even higher?

• A decrease in global demand

• A decrease in manufacturing output

• A $2 trillion infrastructure project

• A reduction in construction activities

What is suggested as a long-term solution to avoid economic strain?

• Increasing unemployment benefits

• Preventing another pandemic

• Building more infrastructure

• Reducing global trade