Assorted Links Monday

Inflation in the economy today is different. Here are four charts that can explain why. The delta variant and supply chain backlogs have kept prices elevated. Rising prices are the result of constrained supply, not inflation.

The Great Resignation is accelerating: A lasting effect of this pandemic will be a revolution in worker expectations.

Life in the New American Suburbs: A vision of how we’ll live in an age of moderately higher density.

The suburban model we created was fundamentally unsustainable. The upkeep on the vast sprawl of roads and other infrastructure was hellishly expensive, especially given the country’s excessive construction costs. New knowledge industries created clustering economies that made density more important for productivity, even as social media and a decline in crime made urban life more enjoyable. These pressures have created both a rental crisis for renters and an affordability crisis for first-time homebuyers.

The absolute simplest explanation for America’s supply chain woes: Snarled ports. Empty store shelves. Panicky Christmas shoppers. It all flows from one issue.

How a $2 million luxury condo in Brooklyn ends up with a $157 tax bill: Opaque methods, hypothetical numbers and ‘bonkers’ adjustments shift the property-tax burden toward middle- and working-class New Yorkers