Doug and Eric spoke about insights about labor and inflation , does it really affect us all? Labor and inflation have a direct relation to each other as the labor market tightens, paying higher wages is one of the employers ways to attract employees with this wage inflation rises.
Not every increase is focused on wages, it can be offering good benefits or flexible work terms. Eric shares another way when there is a shortage of labor is to invest in technology to make the work faster and make your people more effective. On this podcast they also discuss more how to solve labor supply shortage, the money velocity and insights regarding inflation. More to learn in this podcast to become aware of what's happening to our market world.
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