Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
How Stagflation Is Reshaping the Plumbing Industry
Lucas and Luna dive into a surprising corner of the economy: plumbing. With home repair costs up 22% since 2023 and a severe shortage of skilled tradespeople, plumbing has become a recession-resistant industry that's actually raising prices faster than overall inflation. They break down the labor math: the average plumber is 55 years old, fewer young workers are entering the field, and the resulting supply crunch is pushing hourly rates above $150 in major metros. Lucas points to data from the Bureau of Labor Statistics showing 24,000 fewer plumbers than five years ago, while demand from…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.