By 2024, inflation was falling and unemployment was low, yet consumer confidence had sunk to levels last seen during the Great Recession. In this episode, Erik Hurst of Chicago Booth and his co-author Christina Patterson draw on payroll records for roughly 16 million workers to show how wages fell behind prices during the recent inflationary period and haven't caught back up.
Podzilla Summary coming soon
Sign up to get notified when the full AI-powered summary is ready.
Free forever for up to 3 podcasts. No credit card required.
Listen to This Episode
More from The Pie: An Economics Podcast
But the Cool Kids are Still Online: Behind Australia's Failed Social Media Ban
Cut Off: How US Sanctions are Reshaping the Global Payment System
Scoop and Run: How Should Gunshot Victims Get to the Hospital?
Talking to Strangers: The Economics of Social Connection
Get summaries like this every morning.
Free AI-powered recaps of The Pie: An Economics Podcast and your other favorite podcasts, delivered to your inbox.
Free forever for up to 3 podcasts. No credit card required.