Let the post-pandemic boom ride

Shocking employment numbers are cause for optimism, not panic

America.
(Image credit: Illustrated | iStock)

America's economic recovery from the pandemic has been halting, but there are signs that it may be starting to really take off. The latest figures from the Bureau of Labor Statistics show that the number of job openings is skyrocketing, as well as the number of people quitting.

Conservatives and rich people are starting to panic over the situation. The idea of workers having the ability to be choosy about job opportunities — or even worse, successfully demanding higher wages — is horrifying to them. So they are already building a pressure campaign to bully the Federal Reserve into strangling the economy before the damage from the pandemic has been fixed. Deutsche Bank recently warned inflation is a global "time bomb." CNBC reports: "As many as 65% of millionaires are concerned about inflation caused by recent government spending." America is "on the verge of an inflation crisis," wrote Senator Ted Cruz (R-Tex.) in a recent op-ed.

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Ryan Cooper

Ryan Cooper is a national correspondent at TheWeek.com. His work has appeared in the Washington Monthly, The New Republic, and the Washington Post.