Potential holiday travel hiccups … already
Marketplace
Marketplace
4.6 • 8.6K Ratings
🗓️ 3 November 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
Ahead of the holiday travel season, pilots at two major airlines rejected tentative contracts this week, and a third voted to authorize a strike. Pilots are bargaining for better wages and quality-of-life provisions, all while clocking record-high overtime and grappling with staff shortages. Also in this episode, worker productivity gets a boost, graphite shortages are bad news for EVs, and extreme heat threatens low-income households in Miami.
Transcript
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| 0:00.0 | Hey, you feel like you're doing more, getting more product out the door, the productivity |
| 0:08.0 | numbers say you are. |
| 0:10.3 | Also one last day in Buffalo, New York. |
| 0:14.2 | From American public media, this is Marketplace. |
| 0:27.4 | In Los Angeles, I'm Kyle Rizdole, it is Thursday today. |
| 0:30.6 | This one is the third day of November. |
| 0:32.5 | It is always to have you along, everybody. |
| 0:35.2 | The macroeconomic formula of the day today is pretty straightforward. |
| 0:39.6 | It's widgets produced per hour worked. |
| 0:43.1 | You do the yes simplified math. |
| 0:45.6 | I'll grant you that and you get worker productivity. |
| 0:48.7 | The Bureau of Labor Statistics told us this morning that after two consecutive quarters |
| 0:52.9 | of productivity decline, non-farm business sector labor productivity is officially the |
| 0:58.5 | term. |
| 0:59.5 | Anyway, productivity was up 3, 10th percent July through September. |
| 1:03.8 | I actually felt pretty happy when I saw the numbers today. |
| 1:09.2 | Stephanie Aronsons, the director and vice president of the economic studies program at the |
| 1:12.9 | Brookings Institution. |
| 1:15.2 | And fine, here is the more complicated math if you insist. |
| 1:18.6 | Output, widgets, right? |
| 1:19.8 | Output was up 2.8 percent last quarter. |
| 1:22.8 | For the spring, output was held down by swings in inventories and net exports and those |
... |
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