Chris Kline
👤 SpeakerAppearances Over Time
Podcast Appearances
Right.
So if there's one that's languishing, they pull it out and they replace it.
And so that's what that's why those indexes do well.
So same is true also with unemployment.
So a lot of times they talk about after 13 months of being unemployed, you actually fall off of the records.
So, yeah.
So if we if true unemployment numbers are usually much higher.
Yeah.
And you also have, we're in a gig economy.
You're a gig guy, right?
This is what you do.
We're in a whole different economy than we were where we were running non-farm and farm payrolls back to 100 years ago.
And that's also true with inflation.
The CPI index doesn't include some major things like housing.
transportation costs, higher education costs, medical and health care costs.
And those things have been skyrocketing.
So if you were actually to take those and put them back in the basket and measure CPI, I'd say that we're somewhere where I feel it is probably in double digits for sure.
Oh, my God.
Per year?
Yeah, per year.