America Is Choking Under an “Everything Shortage”

Source: The Atlantic
by Derek Thompson

“This is the economy now. One-hour errands are now multi-hour odysseys. Next-day deliveries are becoming day-after-next deliveries. That car part you need? It’ll take an extra week, sorry. The book you were looking for? Come back in November. The baby crib you bought? Make it December. Eyeing a new home-improvement job that requires several construction workers? Haha, pray for 2022. The U.S. economy isn’t yet experiencing a downturn akin to the 1970s period of stagflation. This is something different, and quite strange. Americans are settling into a new phase of the pandemic [sic] economy, in which GDP is growing but we’re also suffering from a dearth of a shocking array of things — test kits, car parts, semiconductors, ships, shipping containers, workers. This is the Everything Shortage.” (10/07/21)

https://www.theatlantic.com/ideas/archive/2021/10/america-is-choking-under-an-everything-shortage/620322/