This Business Insider article is a terrific piece of journalism linking rising prices to governmental interference in the economy.
The article notes that babysitters are in high demand. In some areas of the country they are making as much as $35 per hour. (To put this in perspective, I’ve seen temporary jobs for attorneys paying less than that.)
The problem? Government shutdowns during the COVID-19 pandemic. These shutdowns included daycare centers, many of which closed for good.
The government shutdown of businesses in 2020, combined with the inflation of the money supply by the Federal Reserve, has resulted in the greatest increase in the Consumer Price Index in over 40 years.
It is good to see journalists who seem to get it, and are recognizing the cause of these price increases.
