I think that's what I (and several perceptive others) have begun to see over the last six months. Consider the following items:
- Retail sales have been declining steadily over the last six months throughout the United States. (See this also.)
- New car sales have been steadily declining since late last year.
- Applications for new credit have begun to fall within the last three months. (See this and this also regarding the drop in May applications.)
- Ever since the first outbreaks of the most recent wave of police violence against unarmed people of color (from 2014 onward), the number of recruits and applicants for police work have been declining. There is now a severe shortage of applicants for jobs as police officers in the U.S.
- The U.S. military is now beginning to experience personnel shortages in key areas of expertise. (See this also.)