The end of cheap-we are seeing the end of an era: the era of cheap. Growth in America over the past 50 years or so has been predicated on cheap everything: cheap capital, cheap labour and cheap energy… www.ft.com/content/2fac... @ranaforoohar.bsky.social @financialtimes.com
After 50 years of falling capital, labour and energy prices, the next half-century will look very different for America