If they just let market run its course, we'd have a severe recession caused by shutdowns and job losses in early 2020. Demand for consumer goods would be significantly reduced and the crippled supply would be sufficient.
If they just let market run its course, we'd have a severe recession caused by shutdowns and job losses in early 2020. Demand for consumer goods would be significantly reduced and the crippled supply would be sufficient.
If I were to guess, the labor supply for those types of jobs will continue to decline, so I do not think there is any short term way to counter that factor of inflation without lowering expected quality of life or some miraculous automation innovations.
They don't have to be miraculous. In the UK, Brexit has caused the supply of ultra-cheap East European fruit-picking labour to dry up. Fruit growers are consequently now investing in automating fruit-picking.
Automation is simply engineering; these problems don't require miraculous inventions. Anyone can build a machine to pick a strawberry. The trick is building one to a price-point, that can pick an entire polytunnel clean, without damaging the fruit too much. It's not innovation, it's just applying stuff we already know to solve practical problems.