I just got back from a resort in the US that was probably the worst trip I've ever had. It was high season, so prices were insanely higher than the rest of the year. But every single section of the hotel (housekeeping, engineering, front desk) and F&B (servers, bartenders, bus staff) was insanely understaffed. People were frustrated and downright angry at the staff and, eventually, at each other.
We're at this tipping where something has to give. We're at or nearly at full employment and everyone is happy to spend money again...but wages won't budge.
I could also talk about other sectors like retail. Have you been in a Target or Wal-Mart lately? Even stores like Target, which are usually immaculate and fully stocked all the time have large empty spaces on the shelves and entire classes of items are short or missing.
Where do we go from here?