Inflation

The coming inflation battle. In the coming years the US will continue down the path of reshoring and this will lead to the doubling of the industrial base over the next ten years. This means many new high paying union jobs that will lead to wage/price inflation. On the other side and this is particularly so if Trump is elected the country will expand the fossil fuel production to the max to hold down energy prices which in turn holds down the prices of most other good. In addition as the jobs come home the supply chains are more secure and transportation costs are lower which tend so lower prices. The country will move away from the new green deal and direct its efforts toward nuclear power. This will lead to lower energy cost in the long run. As the new plants are built they will use the latest technology and thus increase efficiency which means increased productivity which offsets inflation. The first ten years will mean inflation of 5 to 10% per year but after that the productivity will begin to lower inflation. The future looks bright for young people just coming into the work market.