SAN FRANCISCO (KPIX 5) \u2014 If you\u2019re wondering how this conflict in Ukraine could impact the average person here in the Bay Area and in California, all you have to do is head to the gas station.\u201cI have no clue what\u2019s going on or what\u2019s going to happen next,\u201d said San Francisco resident Art Khatkevich.READ […]
SAN FRANCISCO — If you’re wondering how this conflict in Ukraine could impact the average person here in the Bay Area and in California, all you have to do is head to the gas station.
“Anytime you have potential disruptions in one part of the marketplace there are price impacts that could be felt by consumers at a time when gas prices are already much too high for many California families,” said Hoover Institution Fellow Lanhee Chen. The extent of the impact on rising inflation, supply chain issues, financial markets dropping, and jobs are unclear. In California, the latest job numbers show workers are still on the sidelines with a high number of job openings.“In the past, other conflicts world conflicts haven’t had dramatic impacts or significant impacts in the California Job market,” said Michael Bernick, labor attorney at Duane Morris.
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