Ben Shapiro
๐ค SpeakerAppearances Over Time
Podcast Appearances
He's the acting U.S.
Secretary of Labor.
Secretary Sonderling, thanks so much for the time.
Really appreciate it.
So obviously a very solid jobs report coming out late last week, suggesting 115,000 jobs added across various sectors.
And the Trump administration has done a pretty great job of ensuring that the jobs that are being added are in the private sector versus just adding jobs in the public sector.
Let me talk about sort of the labor balance under President Trump versus President Biden.
So let's talk about why Americans are kind of dyspeptic about the economy.
Obviously, they've got some heartburn.
The polling shows that Americans think the economy is moving in the wrong direction, which statistically speaking is not true.
It seems like there are a couple of factors that are obviously playing in here.
One of them is the uncertainty about gas prices.
Obviously, gas prices are up since the beginning of the Iran war.
So why don't we start with that one?
I've been making the case on the show that, of course, gas prices are up during the Iran war, and then they will go wildly down once the Iran war is over, because either you will see some sort of behavior change in Iran or regime change in Iran, which will open up gas markets there.
Also, one of the things people are not noticing is that UAE just broke out of OPEC, which means that they're no longer going to be cartelized in terms of actually being part of a gigantic cartel that restricts oil output.
And so the price is dropping pretty precipitously when this is all over.
That seems like a pretty sure thing.
One of the other areas that a lot of Americans are uncertain about is, of course, artificial intelligence.
People don't know very much about it.