During my usual morning news during breakfast, the news reported that Hawaii’s jobless rate has dropped to its lowest level in 30 years of 2%. At first, this sounds great because Hawaii is actively taking part to keep their residents employed. On the flip side, they also noted that because of our low jobless rate, it could increase inflation, causing us, the consumers, to pay for it.

I guess this makes sense, and that wouldn’t be a good thing for us. Yes, it’s great that everyone has jobs…that’s a no brainer. At the same time, the more people who have jobs, the higher the wages, ultimately causing inflation to increase (ie. raising the costs of doing business to compensate for the higher wages). This is added to the high cost of living, increase in electricity costs, increase in gas prices, and an increase in the general excise tax. As if we aren’t paying enough to live here.

What at first looks good, might actually be bad for the economy in Hawaii.

I guess it’s hard to win in Hawaii.

• Get Ready Because Your Electricity Bill Is Going To Increase
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