A couple of things. Pent up demand wasn't driven as much by stimulus checks as by families who retained their jobs during the pandemic but had nowhere to spend their money. Now the genie is out of the bottle, much like the boom after WWII.
Truckers will lose their jobs but more probably to automation. Expect self driving trucks in the future.
I'd rather live through a recession marked by high employment and inflation than stable prices and high unemployment.
|