The economics of immigration
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 5 September 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
As the presidential race heats up, we’re sure to hear more about immigrants and how they affect the U.S. economy. In this episode, we break down immigration’s impact on housing, tax revenue, consumer spending and the labor market. Plus, 8 million student loan borrowers are in limbo while President Joe Biden’s SAVE plan is challenged in court. Also: Lots of small businesses can’t afford to hire, and energy storage batteries may be coming to an electric grid near you.
Transcript
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| 0:59.0 | We'll start the show by taking the temperature on jobs straight from some people who do lots of hiring |
| 1:06.5 | and we'll end with a nice cold glass of lemonade. From American public, this is Marketplace. |
| 1:14.0 | In New York, I'm Kristen Schwab in for Kyrisdahl. It's Thursday, September 5th. Good to have you with us. |
| 1:29.4 | The week is inching closer to tomorrow's jobs report, which will give us a clearer picture of what |
| 1:34.4 | happened with the labor market in August. All we know now is it seems like things |
| 1:39.3 | are slowing down. Yesterday we talked about the job openings in labor turnover survey or jolts for July, |
| 1:46.4 | which showed job openings fell more than expected. |
| 1:49.7 | Today we got the latest private sector payrolls report from ADP. It says job growth slowed, which |
| 1:55.8 | anecdotally seems true if you take a look at the Federal Reserve's beige book out this week. Some |
| 2:02.2 | businesses told the feds researchers that they reduced the number |
| 2:05.3 | of shifts they made available and they left open positions open, as in unfilled. Others said |
| 2:12.0 | they've been getting more selective when hiring and |
| 2:14.7 | that they feel less pressure to hike wages. So we asked Marketplace's Justin Ho to |
| 2:19.7 | call up some small business owners to get our own anecdotal report of what's happening with hiring. |
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