Logistical Sandpiles

from Maudlin Economics,

Today’s financial system is complex but our logistical systems are, too. The problem is complex systems are inherently fragile.

The ongoing, intensifying supply chain problems are raising costs in ways that add broad inflation pressure everyone will feel. And the zeitgeist in the workplace is literally changing before our eyes. Patterns that have held since the Industrial Revolution are changing. If you’re an employer, it is frightening. If you’re a researcher, it is fascinating. And when you are a consumer, it becomes frustrating. Whether you feel it directly or not, you’re going to feel the downstream effects.

... “many systems failing and interacting at the same time,” the key one being a global reduction in labor supply.

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