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It’s no secret that inflation has become a major challenge for the global economy over the past years. It’s giving rise to increased migration and hitting the job market — people are finding it tougher to afford housing as the cost of living keeps going up.
This makes workers leave areas where housing is too expensive, leaving entire regions struggling to keep their workforce. The situation is creating a vicious cycle, especially in some parts of the United States, where unemployment rates have soared because living costs are simply too high.
Related: The US is in a Housing Crisis — Here’s How
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