Assorted Links Tuesday

Though they're mainly talking about cruise ships in Alaska, they're really talking about a complete restructuring of the US maritime system.  To that I say let's get to work.

Why everybody’s hiring but nobody’s getting hired: America’s broken hiring system, explained

How a single missing part can hold up $5 million machines and unleash industrial Hell.

Many, many more shortages.

FedEx, UPS rate rises are making online shopping more expensive: Shipping rates are rising at the fastest pace in nearly a decade, adding to pressure on retailers to pass costs to customers

UK soft drink makers have just days of carbon dioxide left: The British Soft Drinks Association said manufacturers have “only a few days” of carbon dioxide left in reserve to produce beverages and can’t import supplies from the European Union due to Brexit.

Patterns of US migration: How do social networks influence where migrants choose to settle?

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The lasting impact of the Covid crisis on economic potential:

As the global economy recovers from the immediate economic impact of the Covid crisis, attention is increasingly turning to the long-run impact of the shock on productivity. This column identifies several channels – including labour market hysteresis, impaired skill acquisition, belief scarring, an increase in zombie companies, and policy errors – through which the lasting harm will outweigh any positive supply shocks caused by the pandemic. The authors estimate long-term output losses in the order of 3% of global GDP. Scarring will be greater in some economies than others, pointing to the importance of policy in mediating and offsetting these channels.

The consequences of physical climate risk for banks:

What the infrastructure bill would help fix first: Improvements to roads and bridges would aid industries from energy to food manufacturing; ‘It’s more than just an intersection’