Quote:
Originally Posted by Motor Fast
This seems to go way beyond chips. I just ordered headers and wheels for my new Corvette and everything is a 3 month plus lead time. Talking to people in different fields it seems like demand is high right now along with supply already being low. People who normally can't afford certain goods now have the money too due to greater income from handouts than their typical salary. I think, though, this is intentional to drive wages up.
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It causes inflation because:
1) you have people who are home not working getting paid more to stay home than take a low-skill job
2) low-skilled jobs then need to increase wages beyond what is reasonable for said lack of skills to desperately fill positions
3) said business then passes increased wage costs on to consumers which in turn decreases buying power of those consumers due to excessive expenditure on the inflated prices
4) further class division ensues as lower middle class drops to lower class, dependence on government increases as said individuals need help now paying for sustenance they were otherwise handling themselves, etc. thus pumping out more entitlement money and circling back to point #1…
But for the intents and purposes of GM earnings being down, it’s not just a chip shortage, but a significant portion of buyers who haven’t bought into Mary’s grandiose vision for the company’s future offerings. They already ceased making anything engaging to drive other than a Corvette which has never been for the masses, and the Camaro which is on its way out that most people, unless they care about road course times, are looking towards an ancient Challenger or the default Mustang.