murray paul
'Not long' being a year? And nothing else unusual happened last year?
I give up, you are determined to believe this rubbish, no matter what evidence is presented to you.
Fine, it is Europe's fault that Mexico and Australia have HGV driver shortages.
Seek help.
Things in business that involve people do not happen instantaneously, they need a bit of time as folk review how the new legislation effects them and then decide if they will accept the new ways of working or jack in the job.
So in this case from the law becoming active some of the folk in freight have slowly decided that the new conditions are not what they want and have begun to drift off. At first the effect is small and one notices no differences as warehouse keep supplies but as time goes on more and more folk decide to quit and warehouses run out and then one sees empty shelves. In this case the law came in August 2020, its effect became seriously manifest by around June 2021 and have got worse since.
Once you get such effect in a big market, the troubles spread all around the world and this leads to worldwide inflation.
Clearly the politicians could reverse the law, or use conscripts (army) to step in after giving them speeded up course in HGV driving, or offer more to civilians to train and drive, but the politicians are currently doing nothing. Rapidly rising inflation is what politicians believe is necessary.
Anyone who remembers the 70's will tell you how inflation at this level ramps up the price of everything and that in the 70's people who thought their pension would give them a comfortable retirement soon became poor as their pensions went up far more slowly than their costs.
If the politicians let inflation rip we are heading into some very miserable unhappy times as rapidly rising inflation will cost jobs as the spending power of a significant fraction of the economy will reduce. We are already seeing large energy price rises and all manner of other stuff. I was talking with an acquaintance today who told me on his unit site the tenants are getting deliveries from China in containers that no one wants back as we export little from here and it is cheaper for the Chinese to make a new container than pay for shipping an empty one back. There will be lots of wildness like this.
Meanwhile professions with bargaining power will force pay rises, house and land will rise in price as will equities that are in companies that can make money in an inflationary environment.
Regards,