The president of BlackRock investment firm has said that an ‘entitled generation’ of Americans will face the shock of goods shortages for the first time in their lives as supply chain disruptions continue to spur high inflation.
‘For the first time, this generation is going to go into a store and not be able to get what they want,’ BlackRock co-founder Rob Kapito said at an energy conference in Austin, Texas on Tuesday, according to Bloomberg.
‘And we have a very entitled generation that has never had to sacrifice,’ added the 65-year-old Kapito, who has an estimated net worth of more than $400 million and made $24.6 million in total compensation in 2020.
‘I would put on your seat belts because this is something that we haven’t seen,’ said Kapito, who blamed a shortage of workers, energy and agricultural supplies for soaring ‘scarcity inflation’.
The entitled gen has no idea whats coming.
Maybe wise to consider making that Iphone last a bit more than 2 years…AND/OR brew your own coffee rather than going to StarChucks….AND/OR learn to cook at home….AND/OR etc., etc., etc.
Adapt, transform and succeed!
NO HANDOUTS!
Make Democrats PAY the Difference in costs since they STOLE office 2020 in their COUP !!!!!!!
Those of us who survived Jimmie Carter understand his warning.
We had parents who survived FDR so we heard first hand about how tough times were then.
Bribem was new in DC town when Carter fumbled his way through 4 years. But he was too busy with his obsessions and setting up his crime family to pay attention. So we face the prospect of needlessly repeating history.