It’s Hammer Time

If you build it, they will come. The trouble is that you might not be able to find enough construction help to build it for a long time. It was a rare act of bipartisanship that brought us the $1 trillion infrastructure law. We’ve got the money. We’ve got the needs. We just don’t have people to do the work. NPR: Where did the workers go? Construction jobs are plentiful, but workers are scarce. Basically, your bathroom remodel has become a metaphor for the American economy. Whenever they tell you it will be improved, add six months.

+ “The latest high-frequency data shows that the consumer could be running out of steam, hiring activity is moderating, business activity is softening, interest-rate sensitive sectors are pulling back and housing is suffering.” The US economy is unwell.

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