06.19.23 Job Market Update / CARS: The EV Tax Credit + Manufacturers Vs Dealers

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 19 June 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In light of the recent Labor Department report, Clark has key job advice to keep in mind moving forward. Also in this episode, there’s a federal statute concerning how the $7500 tax credit works for buying an electric vehicle and a surprising way to take full advantage of that credit. Clark also discusses the industry now and what potential buyers need to know. The Job Market Is Booming: Segment 1 Ask Clark: Segment 2 Buying A Vehicle: Segment 3 Ask Clark: Segment 4 Mentioned on the show Axios: The end of the self-employment boom From teachers to waiters: The industries that haven’t bounced back from the pandemic [The Washington Post] Labor Market Is Not Buying Into Talk of a Recession How to Teach Young Kids About Money The easiest way to get a $7,500 tax credit for an electric vehicle? Consider leasing. Are You Following Clark's Maximum Auto Loan Length Rule? The Average Vehicle Age in America When Will Car Prices Drop? Cars Archives - Clark Howard Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to welcome you to the Clark Howard Show, where we're here to serve you
0:10.3	and empower you to make better financial decisions in your life.
0:15.1	One of the biggest decisions we make in our lives is our career choice.
0:20.1	Over the last several years, my advice has actually changed on this.
0:26.1	I'm going to tell you what I think is key moving forward.
0:29.6	And later, with the $7,500 federal tax credit on electric cars,
0:35.8	should you get one?
0:37.4	Well, what I'm going to say today goes against the advice I've given for years and years and years,
0:46.7	but it may be the one way you can take advantage.
0:52.3	So the job market is booming in the midst of the federal reserve doing everything it can
1:03.3	to cause pain in the labor market.
1:06.2	Why would the nation's central bankers, not just in the United States and other countries, as well,
1:13.2	why are they trying to cause labor pain?
1:16.4	Why are they trying to make us insecure in our jobs?
1:20.0	Why are they trying to get us pink slips from where we work?
1:24.4	Because what they're trying to do is squeeze labor price inflation out of the economy,
1:33.4	because it is the last great factor in prices having risen, not just in the United States,
1:41.8	but other places in the world.
1:43.2	You know, we went through the COVID disruptions, factory shutdowns and all that,
1:48.6	the supply chain disruptions.
1:51.2	We went through all the stimulus money that turned out to be way too much.
1:56.9	You know, the Congress year after year kept pushing too much money in the economy.
	...

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