Did you know that changes in how many people work in a country can affect prices? Larry Fink, a big boss at a company called BlackRock, talked about this. He's worried about something important happening in the US.
He thinks that fewer workers in farming and building could make things more expensive (inflation) because there aren't enough people to do the jobs.
This is because of changes in immigration policies.
- Fewer farmworkers might mean less food and higher food prices.
- Fewer construction workers could make building things cost more.
- This might only be a short-term problem.
Problem | Effect |
---|---|
Fewer workers in farming and construction | Higher prices for food and buildings (inflation) |
More robots and AI | Lower prices in the long run (deflation) |