BATON ROUGE, La. (BRPROUD)– As our state edges closer to what we considered normal before the pandemic, the costs of goods and services have been rising due to a multitude of shortages happening within the country.
Prices increased for residents across the state as several shortages occur from building materials to everyday food items.
LSU Professor of Economics and Public Administration Dr. Jim Richardson said, “Certainly a pandemic affects the ability of workers, thus raising the cost and cuts down on the supply.”
A lack of truck drivers also magnified this problem.
Louisiana Motor Transport Association Renee Amar said, “There is a crippling shortage of drivers and mechanics, recruitment pipelines that were decimated from the pandemic. These issues increase freight transportation costs like gas at the pump and food brought back to your door.”
Businesses started to feel the impact as demand is high and supply is low.
Marin Lumber Company Vice President Zachary Didier said, “As soon as we place an order we place another one and another one, so we have something.”
Tim’s Computers Owner Tim Rauls said, “A lot of manufacturers that are over in China cut back on their staff. So far, they can only make so many parts. So in the next coming months, we’re going to have a hard time getting power supplies and processors.”
Consumers are also being affecte
Didier said, ‘It’s really been busy, but it’s also a headache for lumber yards, trying to find a happy medium for customers and their quotas being met and also keeping inventory.
Rauls said, “Video cards are in big demand with the data miners and crypto mining and buying all the video cards, so now a video card that was 200 dollars is now selling for 600 dollars.”
He said if you are planning to buy a new gaming system, It’s going to get a lot more expensive.”
“They may not be able to get new parts. you may have to use a used one, but we’ll do our best to keep them up and running,” said Rauls.
Dr. Richardson explained, “There are a whole lot of moving parts we go through, but it will gradually work all of those kinks out.”
Experts believe that after things start opening back up, prices should start to even out.