Since 2020, our economy has been in shambles, which was caused by the Covid-19 outbreak. According to the International Monetary Fund, “The rate of CPI inflation over the previous 12 months was 8.2 percent” (Laurence). This is double of what it was in the beginning of 2020, according to the graph.

         During this time period, U.S citizens were riddled with shortages on grocery items, rise on gas prices, and unemployment. The everlasting effects have led into 2023, and has been at a high rate of inflation since then. When the virus started to spread, it caused a domino effect onto our economy.

       First, the government shut down and quarantined everyone. The shutdown caused workers in our economy such as factory workers, truck drivers, and blue collar workers to stop working. The work shortage caused a shortage on our everyday items such as toilet paper, produce, and electronics. The loss of our labor force caused the demand to shoot up due to the shortage, and raised demand. 

       “What’s Happening Right Now?” our economy is in recovery after the Covid-19 outbreak, and we’re slowly picking up pieces and putting it back together as we go. The effect of this everlasting inflation, has left many Americans living paycheck to paycheck, since wage isn’t staying on par with our rising prices.