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Freakonomics Radio

420. Which Jobs Will Come Back, and When?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 4 June 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

Covid-19 is the biggest job killer in a century. As the lockdown eases, what does re-employment look like? Who will be first and who last? Which sectors will surge and which will disappear? Welcome to the Great Labor Reallocation of 2020.

Transcript

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0:00.0

Today's show is the first of two episodes about employment and of course unemployment considering

0:09.2

what's been happening with the COVID-19 pandemic. It is especially about re-employment,

0:14.1

that is what kind of jobs are coming back and when and which jobs aren't coming back.

0:19.6

So we will hear from a labor economist with the Federal Reserve, another economist who

0:24.6

used to work in the White House and the Department of Labor, another economist who thinks

0:29.3

that even before the pandemic we had automated away too many jobs and another person who shares

0:36.2

that view about jobs and automation, the former presidential candidate Andrew Yang who's called

0:41.4

for a universal basic income has become a lot more urgent in the past few months.

0:48.8

But these two episodes are also about prisoners, specifically prisoners and re-employment

0:55.7

and we'll ask whether that research can tell us anything about COVID-19 re-employment generally.

1:03.3

We are living through an historic disruption, a jolt to the labor markets that was unimaginable

1:08.8

just a few months ago. There will be books and books written about it and 50 years from now it

1:14.4

will show up in economics textbooks, maybe they'll call it then what we're calling it now.

1:19.4

The Great Labor Reallocation of 2020.

1:35.7

From Stitcher and Dubner Productions this is Freakonomics Radio, the podcast that explores

1:41.8

the hidden side of everything. Here's your host, Steven Dubner.

1:51.0

We'll start today with a particularly interesting researcher.

1:56.0

My name is Jennifer Dooliac and I'm an economics professor and the director of the Justice Tech Lab

2:00.7

at Texas A&M University. What is the Justice Tech Lab? It is a research group that focuses on

2:07.6

empirical research related to crime and discrimination. So we try to find answers to some of our trickier

2:14.4

policy problems. Dooliac did not set out to become a crime economist. It kind of assumed I would be

2:20.2

an investment banker like every other econ major. But she repeatedly found herself drawn to the topic.

...

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