Our supply chain problems are more complicated than an easy fix will solve.
Stephen Green shares a truck driver’s explanation of just how slow the problem will be to solve. Green sums up the problem well, with this:
We’ve over-invested in red tape, under-invested in infrastructure, and taught at least two generations of young people that jobs like trucking are somehow beneath them.
The government can try to fix things with easy money and debt-driven spending that grabs tomorrow’s wealth for use today, but that won’t solve the problem. At some point, the fantasies we’ve all been enjoying will have to be reconciled with reality. If you want other people to do things, you’ll have to pay them more, and if you want things, you’re going to have to take whatever jobs are available.