Watch now (13 mins) | Changes in the auto industry seem to track large macro and political changes
Partly wages but in large part is inflation created in China and also exported because of shortgage of energy and also most of other commodities.
The Great Wall Chart - could not it just indicate shortage of commodities - Cu, Al and Semiconductors? And same for other Auto CPI prints?
Excellent analysis, as someone who is in Labor, it seems the policy winds are changing but... I often wonder if that means we should then see private unionization rates rise in the coming decades or the polices for too long have made the labor act in the US too weak to help jump start that middle class bloom again.
Vehicle costs (eg. monthly car payments) aren't a factor for every household. If your car(s) are paid off, car prices don't affect you (maybe repair prices but that is relatively minor compared to food and energy). Am I missing something?
So if you were to overlay employment of those factories would that indicate anything more? My thought was, if you have a job at least you can maybe find a way to keep buying food even with prices rising, but if employment starts to go down wouldnt food inflation then be the killer? Or am i thinking to simplistically?