Monday, January 30, 2023

Consumers could be in a 'world of hurt' if Biden doesn't act soon, former Walmart CEO warns | Fox Business

Consumers could be in a 'world of hurt' if Biden doesn't act soon, former Walmart CEO warns | Fox Business

"We need workers, but we need workers we can employ that are in the country legally. What's happening now is you're letting people in that can't participate in the workforce but do increase demand. So, you have increased demand driving prices up without the workforce to be able to service it. So, it's a complicated factor. Certain inputs are trying to solve inflation, but you have counteracting forces that kind of mess that up," he said.

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