The sharp and persistent long-term decline in available workers per job opening proves the theory announced earlier about hyper-deflation. The low prices offered for labor, the low wages, depended upon a drawing on all available resources to deliver necessities to workers in exchange for their low wages. On the 9th of July, 2019, I wrote:

“This can produce hyper-deflation, a cycle where prices increasingly decrease, drawing on all reserves of goods, leading to a side by side phenomenon of low prices and shortages. This will combine with low labor force participation, as wages, also a price, will decline.”

On the 14th of August, 2019, I wrote:

“A 60-80% decrease in prices should occur, including a reduction in wages. This could lead to mass starvation, homelessness, and economic bankruptcy. The alternative, within the capitalist system, would be for the US military, intelligence, and diplomats to maintain constant vigilance to prevent any central bank’s move in this direction. This system of coercion could lead to the destruction of world production.”

Two dollars of world production would require destruction to protect every $1 of US production. U.S. employers have over-drawn on their account of goods, meaning that they can no longer support workers at the same low wages, leading to labor shortages. If employers, through the work of the state, raise the minimum wage, these labor shortages will be exposed as goods shortages, especially goods in the category of necessities. All the new workers working at the higher minimum wage will suddenly put a strain on the supply chain, leading to shortages of energy, agricultural products, and other basic necessities, not to mention education and health care. The shortage of vaccines, still affecting much of the world, spun as a “delay” in production and distribution, led to the deaths of 3.5 million worldwide and 600,000 in the U.S. “Delays” in education will also compound the labor shortage, forcing the shuttering or reduction in scale of many businesses.

In order to break out of the downward cycle of hyper-deflation leading to shortages, a new inflationary trend will need to take on explosive proportions. The new, planned inflation will have to reduce wages and savings of workers by 60 to 80%. The workers will naturally fight this trend, and the state will plan massive repression to control their anger. This will lead to a collapse in the population, taking the form not only of a pandemic, but a widespread war, and a systematic destruction of the people by brutal dictatorships. The only alternative to this dark plan of the capitalists, “we’ll kill the people when they come for what’s ours,” is a plan based on the light of socialism as a means of uplifting the population, providing adequately for their necessities and their democracies, and organizing through them a world economy that rationally plans production to prevent sudden shortages and relieve the heavy strain of labor.