A view of this economy from Buffalo, New York

Marketplace

News, Business

4.6 • 8.6K Ratings

🗓️ 31 October 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We spend a lot of time on this program talking about the big-picture data of this economy. But data doesn’t tell the whole story. Today, we travel to Buffalo, New York — a city where low-wage workers have enjoyed wage growth of more than 40% in the past few years — and hear how workers along one street are navigating inflation, the labor market and recovery from the pandemic.

Transcript

Click on a timestamp to play from that location

0:00.0	The weather in Buffalo, New York this time of year, let's go to Buffalo in late October.
0:08.4	Kai, it'll be great.
0:10.0	God, not ideal, shall we say, but as a place to take the temperature of this economy,
0:18.6	oh, it's just right.
0:21.0	I'm American public media. This is Marketplace.
0:33.8	In Los Angeles, I'm Kai, Rizdole.
0:35.6	It is Monday today, 31 October.
0:38.0	Good to have you with us, everybody.
0:40.0	You know, we spend a whole lot of time on this program talking about the macroeconomic
0:44.7	big picture.
0:45.7	On this week, before Election Day, with inflation at 40-year highs and yet another fed meeting
0:52.2	starting tomorrow, we're going to do something a little bit different.
0:56.6	We went to Buffalo about 10 days ago so that we could tell you the story of this economy
1:01.2	in this very peculiar time from one place, one city, one street, actually.
1:11.6	We started at Cafe Aroma, just a couple of miles north of downtown Buffalo on the corner
1:17.1	of Bidwell Parkway and Elmwood Avenue.
1:19.9	I do have the meeting latte for you.
1:21.5	Oh, sorry, you're all good.
1:23.3	Good.
1:24.3	Thank you very much.
1:25.3	Cafe Aroma opened in 1995.
1:28.6	I've been here for almost 30 years.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.