China’s zero covid policy. China randomly locks down entire cities for weeks at a time due to a covid infection. this stops any production in the area for that amount of time.
IMF said The restrictions that need to be imposed are more of a burden to the economy, put more at risk not only [for] China but also China as a supply source for the rest of the world
https://www.cnbc.com/2022/01/21/imf-chinas-zero-covid-policy-a-burden-to-domestic-and-global-economy.html
But china’s zero covid policy was never humane to begin with.
https://youtu.be/ew3pjAHc81c
Worker shortage everything is a contradiction. Unemployment is at a record low, but open jobs are higher than the people willing to work. People are also either calling in sick because they are or they are using it as an excuse not to work.
https://www.peoplespolicyproject.org/2021/10/13/why-is-there-a-labor-shortage/
Vaccine Mandate caused job losses. 5% of the workforce at companies requiring vaccine mandates quit their jobs. With most supply chain jobs operating near capacity. Any change will cause disruptions and 5% of the workers quiting is definitly a disruption.
https://www.advisory.com/daily-briefing/2021/11/01/vaccine-mandates
Ports are poorly managed. California is still struggling to get this issue under control.
https://www.wsj.com/articles/southern-california-ports-struggle-to-trim-cargo-backlog-as-omicron-surges-11641938505
So with all these issues. It’s hard to say “It’s this one thing causing all the issues”. In reality its a bunch of things causing the supply chain issue. Most of these can be fixed, which currently isn’t happening.
Population growth is going up not down. I speculated that if we lost a significant amount of the population to covid, then that would impact the job force. The data says otherwise. But the data seems like a speculation as to an actual tally. But it would be under counted, hence the spike when the census did an actual count of the population.
