What’s Your Money Worth?
Today, we’re facing a money paradox. The cost of goods and services increase while your salary stays the same. On top of that, the quality of the goods and services that you can afford is decreasing. How many times have you taken a trip to the local supermarket and found yourself contemplating the cost of moldy fruits?
When you look at global logistics and supply chains, it’s tough to think of how delays in one area can affect an entire ecosystem. But it’s the reality we live in today. The Suez Canal blockage of 2021 halted supply chains for a week, but the effects of that delay are expected to last for months. Crop production and shipments affected by the Omicron outbreak and climate chaos have limited the availability of French fries around the world, particularly in Southeast Asian fast food chains.
So what do we have to do? It’s time for the government to step in. Time to take out more debt to pay for these delays. But this is only a band-aid solution to a bullet wound. It’s one thing to have a shortage of good products in your local supermarkets and restaurants. But if your pay and purchasing power is not increasing alongside the price of goods and services as well, something is wrong.
This episode is scheduled for release on May 26, 2022. Here are Alexander and Jason’s fearless forecasts for the year ahead.
The last forecast is particularly noteworthy because it’s the start of a new system. People will stop relying on a fragile way of doing things and start creating smaller, more robust networks.
One challenge to having an incredibly interconnected network was that people started relying heavily on others to conduct business. While this meant that products could be manufactured faster and cheaper, it compromised their quality.
And beyond the products themselves, it also affected our capability for self-sustenance.
The resurgence of craftsmanship isn’t coincidence. The idea is that today’s generation wants to feel a sense of community and identity. They want to know that when they purchase products, they were created locally and their decision to purchase is supporting local communities as well.
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