32:26

EssentialMake or Break: Inflation

Why Labor Is Winning Right Now

Featuring Julia Pollak and Maggie Lake

Oct 12, 2022 • 32 minutes

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Essential

Make or Break: Inflation

Why Labor Is Winning Right Now

The COVID-19 pandemic changed many paradigms, perhaps none more dramatically than the employment market.

Featuring Julia Pollak and Maggie Lake

Oct 12, 2022 • 32 minutes

It was an already-tight U.S. labor market in 2019 and 2020, before the world shut down to contain the spread of a deadly coronavirus. Consequences of countermeasures, including mass early retirements and a near-complete immigration cutoff, have further constrained supply and left labor in its strongest position vis a vis capital in decades. Indeed, the nonfarm payrolls report for September showed broad-based gains “despite rising inflation, despite rising interest rates, despite the very strong dollar,” notes Julia Pollak, the chief economist at ZipRecruiter.com. ZipRecruiter data show signs of a potential “immaculate slowdown.” But will things cool enough without the Federal Reserve having to tighten too much? Julia joins Maggie Lake to talk about the U.S. labor market, how it’s changed in the aftermath of the pandemic, and what labor and capital can look forward to as their ever-defining relationship evolves. Recorded on October 7th, 2022. Show More

What happens in the coming months will define the global economy for years to come. Real Vision's Make or Break series helps you understand the key drivers at this crucial juncture with inflation at the forefront. Our worldwide team of experts and analysts will guide you through a potential recession as well as investment opportunities.

More Episodes

What happens in the coming months will define the global economy for years to come. Real Vision's Make or Break series helps you understand the key drivers at this crucial juncture with inflation at the forefront. Our worldwide team of experts and analysts will guide you through a potential recession as well as investment opportunities.

More Episodes

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