U.S. Consumer Inflation Up 6.8% In Past Year, Most Since 1982

The video discusses the rise in inflation, its causes, and its impact on wages and the workforce. It highlights the temporary nature of current inflation due to supply chain issues and the pandemic. The Great Resignation is analyzed, showing that while many have quit jobs, hiring remains strong, especially in hospitality and retail. The pandemic has led to industry restructuring and a shift towards flexible work arrangements, with many rethinking job characteristics in terms of space and time.

What is the 'great resignation' and how does it compare to previous job quitting rates?

What changes in the job market are highlighted in the text regarding the hospitality and food sectors?

How has the pandemic influenced people's perceptions of work and job flexibility?