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Marketplace

The “paper ceiling”

Marketplace

Marketplace

News, Business

4.68.5K Ratings

🗓️ 28 November 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

New York City employers will be barred from using artificial intelligence in hiring starting next year, unless the program passes an audit. AI can narrow down candidate pools but often excludes otherwise qualified applicants who lack a college degree. In this episode, we’ll look at the push to address bias in hiring technology. Plus, the looming rail strike, “buy now, pay later” for groceries and why Frontier Airlines won’t answer the phone.

Transcript

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0:00.0

Hey, what do you got going on the next couple of weeks?

0:04.4

Because the economy, well, it's going to be pretty busy.

0:09.2

From American public media, this is Marketplace.

0:12.9

In Los Angeles, I'm Kai, Rizdole.

0:24.0

It is Monday today, 28 November.

0:27.0

It is always to have you along.

0:29.2

And we begin today with a brief perusal of the macroeconomic calendar over the next

0:34.6

10 days, two weeks or so.

0:37.1

We get an update on inflation on Thursday.

0:40.1

The Federal Reserve's preferred measure, personal consumption expenditures, PCE.

0:44.6

Remember that when you hear it.

0:46.1

Then Friday, there's the November jobs report.

0:48.6

Those are both, of course, biggies.

0:51.2

Government funding runs out on December 16th.

0:53.6

Don't sleep on that one, of course.

0:56.1

And then next week, just after midnight on December 9th, the transportation gears of this

1:01.2

economy may welcome to a screeching halt.

1:04.1

And I'm thinking that screeching sound you hear in movies when trains stop suddenly.

1:08.6

The Washington Post reports today that the White House is getting set to ask Congress

1:12.6

to do something to put off a railroad strike that looms after three years of negotiations.

1:20.4

Rachel Primack is the editorial director at Freight Waves.

1:23.0

They cover logistics and we've gotten around the phone for some context.

...

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