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The ‘perfect storm’: High inflation rates hit Wisconsin businesses and consumers hard

Quoted: “We’re learning that it’s pretty easy to turn the economy off. But it’s really hard just to flip the switch and turn it back on,” said Steve Deller, a professor in agriculture and applied economics at the University of Wisconsin-Madison.

“What COVID has done is, among other things, it’s changed the risk-benefit calculation that workers do,” said Menzie Chinn, a professor of public affairs and economics at UW-Madison.