Warning Signs From the Labor Market — ft. Kathryn Anne Edwards

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 13 June 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Kathryn Anne Edwards, PhD economist and Bloomberg News columnist, joins the show to unpack the latest jobs report and what it reveals about the state of the labor market. She shares her take on whether AI poses a real threat to jobs and explains why the effects of tariffs are so tough to time. Kathryn also discusses how the GOP tax bill could reshape the economy, what she believes the federal minimum wage should be, and the policies she thinks could help close the wealth gap. Listen to Kathryn’s podcast, Optimist Economy Take a survey to let us know what you think about the show Subscribe to the Prof G Markets newsletter Order "The Algebra of Wealth" out now Subscribe to No Mercy / No Malice Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today's number 9%. That's the growth rate for sales of non-alcoholic beer worldwide in 2024.
0:05.6	Meanwhile, overall beer sales fell 1%. Ed, my journey through alcohol ended up being naked and in Hampton Inn and Googling whether you can get chlamydia from a karaoke mic.
0:20.2	Listen to me.
0:21.2	Markets are bigger than I.
0:22.2	What you have here is a structural change in the world distribution.
0:24.8	Cash is trash.
0:26.3	Stocks look pretty attractive.
0:27.7	Something's going to break.
0:28.8	Forget about it.
0:30.2	Think about it.
0:31.4	It's actually pretty good.
0:32.8	It's not up to you whether it's pretty good.
0:34.7	That's for us to decide.
0:36.4	Oh, dude, I'm here for me. I'm here for me.
0:39.8	You don't tell the joke and then tell you. That was good. That was a good one.
0:43.5	All this virtue signaling about me trying to increase the economic security of young people and provide jobs.
0:49.2	Yeah. Role model for young men. That's all bullshit. This is, I'm just here to be, to make myself laugh.
0:57.3	Once the last time you heard the terms chlamydia and karaoke mic in the same sense.
1:02.1	First time for everything. Oh my gosh. Where are you? Let's go. Oh, how is our, wait, today we launched
1:07.8	our daily. Yeah, daily's going well. we're getting some good responses it's fun to
1:12.6	have you call in from your phone when you're just kind of up doing your random stuff what i can't wait for
1:18.9	is when we get you to call in and you're like out on the town in the club partying and we get your
	...

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