Attempting to predict short-term fluctuations in inflation is extremely difficult. However, if you look at the evolution of globalization, which has a major impact on inflation, accurately predicting long-term inflation trends is a bit easier. So let me start with globalization and how it’s evolving.

2021 marks the 100th anniversary of the Chinese Communist Party and China is celebrating. Since Deng Xiaoping began economic reforms and opening up China in 1978, the country has lifted 800 million people out of poverty, according to the World Bank, and become the world’s second largest economy after the United States. But today, the direction of China's reform process is unclear, it doesn't always play by long-established international trade rules, and it's presenting new challenges. How should the United States respond?

I'm a nationally syndicated columnist, author of several books and a speaker on global business, labor, and economic trends. I'm also a beneficiary, not a victim, of dyslexia, a learning disability characterized by reading, writing and decoding difficulties. Why do I say beneficiary? Read on.

If you can't find workers, you're not alone. At each keynote speech I give, I ask the audience to raise their hands if it's difficult to hire new employees. Just about everyone raises their hand. I then ask if they have trouble retaining them. Again, nearly everyone raises their hand.