1.0Brakke咨询网站https://brakkeconsulting.com/zhrich600338<blockquote class="wp-embedded-content" data-secret="B3Fzjqi9sE"><a href="https://brakkeconsulting.com/zh/brakke-viewpoint-january-28-2022/">布拉克观点 一月 28, 2022</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://brakkeconsulting.com/zh/brakke-viewpoint-january-28-2022/embed/#?secret=B3Fzjqi9sE" width="600" height="338" title="《 Brakke Viewpoint January 28, 2022 》—Brakke Consulting Website" data-secret="B3Fzjqi9sE" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://brakkeconsulting.com/wp-includes/js/wp-embed.min.js /* ]]> */ </script>Towards the end of 2021, Bob Jones wrote about the US economic situation and the inflation the country is experiencing.  As 2021 came to a close, the CPI posted an annual rate increase of +7%, the highest rate since 1982.  While nominal wage gains were higher than seen in many years, when adjusted for inflation, real wages declined by -2.5%. Recall that in the early 1980’s, the inflation rate (CPI) peaked at 14.8%.  To tackle inflation, the Fed drove the country into a recession, increasing their benchmark interest rate as high as 19%.  Two critical differences between the 70’s and today relate to the labor market.  Back in the early 1980’s, unemployment peaked at almost 11% whereas today’s rate is 3.9%.  However, today we are experiencing significant labor shortages partly driven by the labor participation rate (work rate for prime-age people; 25-54 yrs. old) that peaked at 67% in 2000 and is now about 62%. The Animal Health industry is facing similar inflationary challenges.  We heard from one senior executive at VMX that costs continue to rise due to supply chain disruptions, labor shortages and wage increases, especially for manufacturing talent.  Companies are passing along the cost increases to customers to the extent they can, trying to maintain margins. 2021 was an extremely strong year for the Animal Health industry. View Full Post;