US economic transformation is not easy
September 13, 2021 10:02 Source: "China Social Sciences" September 13, 2021 Issue 2250 Author: This reporter Yan Yong

Current,serious inflation in the US economy。From the surface,The shortage and interruption of product supply、Factors such as local skilled workers and housing,All cause prices to rise、Important factor for inflation。For this,Fed Chairman Jerom Powell and the Federal Public Marketing Committee described these factors as "temporary",and predict that the average inflation rate of the US core personal consumption expenditure in 2022 and 2023 is 2.1%,Average inflation rate of about 4.7%below 2021。But,Many scholars think,It is difficult to recover and transform from the epidemic in the new crown pneumonia。

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Adam Posen, director of the Peterson Institute of International Economic Research, USA,Powder and Bet365 lotto review Federal Open Marketing Committee predict the underestimation of the influence of recent inflation。Person said,Labor shortage and labor market mismatch,It has a significant impact on the US economy。These effects cannot be solved in the short term,and the economic transformation that the United States is experiencing needs to be longer,The average inflation rate will take at least 1-2 years to the long -term level of 2%。

Person thinks,Economic and nationalism of the previous federal government in the United States、The demand for trade protection and "bringing production back to China" for the power of populism,All brought continuous pressure to the US economy。This kind of pressure from political aspects has also brought adverse effects on the US economy,Eliminate the elasticity of the economy is worse and worse,The cost and uncertainty of obtaining resources are continuously increased。Geopolitics will undoubtedly bet365 best casino games increase the cost of American manufacturers and consumers,The United States misses the old industry and employment positions,Continuously increasing trade barriers,Not only will it not produce economic benefits,Instead, it will exacerbate economic pressure。

 Tight labor market situation

Peterson Institute of International Economics, a very senior researcher Jason Furman, said,The US labor market still shows a trend of recovery in August,But the recovery speed decreases from the previous few months,The uncertainty of the labor market continues to increase。Related survey data show,The United States added 235,000 jobs in August,Factering less than June and July, the average growth rate of more than 1 million jobs,It is also far below the average growth rate of 487,000 jobs per month in the first 5 months of 2021。Felman thinks,The decrease in the growth rate of employment in the United States is not caused by bet365 Play online games the decrease in employment positions。As of the end of August,US job vacancy rates reached 2021 high value,The number of vacancy jobs is much higher than the number of unemployed people,This indicates that the US labor market supply is tight,Lead the gap in the overall employment of the United States。other,The average hourly salary of the United States in August increased by 0.6%,It is twice the average increase of 7 months before 2021,The number of vacant positions and the number of resignations have increased,This reflects the tension situation of the US labor market supply from the side。

The U.S. New Crown Pneumonia epidemic will continue to exist in the short term and repeatedly occur,The planning of many American families and enterprises takes into account this,This is for personal retail、Hotel、Travel、Commercial real estate and transportation industries have a direct impact。Person said,Those Bet365 app download who think that the above industry will completely recover rather than reorganization is being placed。Although structural adjustment can inhibit inflation to some extent,But this process also increases the mismatch risk of the labor market。And,Such a large -scale labor and capital re -distribution may take several years,and the government's intermittent rescue will also bring uncertainty。

Person thinks,The current supply chain impact and inflation will have a long time on the economy,Even if the company actively reserves raw materials and decentralized layout of redundant capacity in geographical capacity,It also takes a long time to produce effect。Poson Call,The U.S. government should protect basic welfare of society,American families must actively save to cope with frequent disasters and long -term changes。Federal government should encourage architecture、Promoting technological changes in the fields bet365 Play online games of public utilities and transportation。The Fed should not collect the monetary policy prematurely,Even if the inflation rate exceeds the goals and expectations in 2022,Monetary policy should also continue to maintain a loose state,Provides convenient conditions for long -term economic transformation。

Editor in charge: Zhang Jing
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