The urban-rural wage gap
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 November 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
People in cities have, on average, made more money than people in rural parts of America for decades. Now, that disparity seems to be widening. In 2023, urban dwellers are making 23% more than rural ones, compared to 20% more before the pandemic. In this episode, why inflation, telework and higher education all play into the urban-rural wage gap. Plus, more older Americans are still paying off their mortgages, ESG investing goes under the microscope and global markets don’t quite believe OPEC+.
Transcript
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| 0:32.0 | Hi. dot com slash marketplace. Hi, this is Nicole from Camp Hill, Pennsylvania. |
| 0:37.0 | I'm always surprised how much content marketplace can pack into 30 minutes. |
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| 0:57.8 | All right we're going to do a little economic choose your own adventure on the program today. |
| 1:10.0 | From American Public Media, This is marketplace. |
| 1:13.4 | In Los Angeles, I'm Kai Rizdall. It is Thursday, today the 30th day of November. |
| 1:27.4 | Good as always to have you along everybody. All right, so what do you think? |
| 1:31.3 | Where exactly are we with this economy? |
| 1:35.0 | Well, here's a hint. It comes in the form of today's report on the Personal |
| 1:39.4 | consumption expenditures Index PCE in the vernacular. Inflation it tells us year on year sits at 3% |
| 1:47.4 | which is not 2% where the Fed wants it to be but it is going the right way. |
| 1:52.1 | Here to talk things over is Wendy |
| 1:53.9 | Ellaberg she's a senior fellow in economic studies at the Brookings |
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