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Marketplace

The things that keep economists up at night

Marketplace

Marketplace

News, Business

4.68.5K Ratings

🗓️ 23 August 2023

⏱️ 26 minutes

🧾️ Download transcript

Summary

The theme of this year’s Federal Reserve symposium in Jackson Hole, Wyoming, is “Structural Shifts in the Global Economy.” Today, we ask a handful of economists who aren’t sitting around the campfire with Jay Powell to weigh in. Then: Just half of CEOs see climate change as a threat to their business. And later: Could teaching more women poker narrow the boardroom gender gap?

Transcript

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0:00.0

The Federal Reserve went to the Grand T-tons, and all we got was this lousy business show

0:08.0

from American public media. This is Marketplace.

0:21.0

In Los Angeles, I'm Kai Rizdole. It is Wednesday today, the 23rd day of August.

0:27.0

August could as always to have you along, everybody.

0:30.0

The center of the macroeconomic universe moves to Jackson Hole, Wyoming tomorrow.

0:35.0

Economists and central bankers and their ilk will swap suits for semi casual to discuss.

0:41.0

And this is a quote, structural shifts in the global economy at the Kansas City feds

0:46.0

and you'll get away up in the mountains. Most of us, though, don't get picture-esque

0:50.0

mountain views to accompany our musings on life's big economic questions.

0:54.0

So Marketplace's Elizabeth Troval decided to fire up a virtual campfire of

0:58.5

Rome, if you will, and ask people what structural shifts in the economy are keeping them up at night.

1:05.0

University of Houston, economist, Dietrich Fullrath may wish he was staring at the Grand T-tons.

1:10.0

But while he's trying to fall asleep, he thinks about a population that's growing too slow in aging.

1:16.0

Neither of those are just kind of like bad things by themselves, but they have these very kind of deep effects

1:23.0

on the structure of what's demanded in the economy.

1:27.0

Demands for more nursing home staff where there are already shortages.

1:31.0

Aisha and her hero glue with the University of Southern California says she's curious

1:35.0

about how the typical work week is evolving.

1:38.0

The pandemic taught us that a lot of people liked working from home,

1:43.0

but it's more than just working from home.

1:46.0

I think the regular eight to five schedules we used to have

1:50.0

are really super hard for families.

...

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