In May of 2022 we wrote, “The Future Is Slow” where we outlined how depletion of labor across America would have serious consequences resulting in the “slowing” of business activity, movement and other activities. One year later, Politico is reporting on the consequences we knew would be coming. From Politico:
Since January 2020, at least 324 airports have seen service cuts, losing an average of 30 percent of their flights, according to the Regional Airline Association. More than 14 airports have lost commercial service completely, including facilities that served places such as Mobile, Ala.; Ogden, Utah; Stowe, Vt., and Williamsport, Penn. — a pace whose breadth and speed are almost unheard of.
American Airlines, United Airlines and Delta Airlines say they are constrained by a pilot shortage that has forced them to scale back service or stop flying entirely from certain airports. In the face of a financial squeeze, routes from regional airports are often the first to be eliminated.
Politico.com
The problems won’t stop there. The Judicial Branch of government across most of America is severely backlogged and it is part of the reason so many criminals are being released from prison to commit more crimes.
Are these problems going away anytime soon? We don’t think so because the labor to replace aging and retiring baby boomers don’t exist and won’t be forthcoming anytime soon.
The airlines are creating winners and losers but it won’t stop there. The problem will extend to construction companies, manufacturing, health care and virtually every other industry. A business will have to think carefully about the available infrastructure such as utilities, roads, internet, and the availability of people to support those things before diving into a region.
Ultimately, small towns will likely get smaller and big ones will get bigger. We’ll research investing opportunities to bank some profit so stay tuned, stay profitable and stay solvent…