Economist/Analyst (unnamed)
👤 PersonAppearances Over Time
Podcast Appearances
The US is a really big place, and some places can be prospering at a time when other places are not as much.
The US is a really big place, and some places can be prospering at a time when other places are not as much.
The US is a really big place, and some places can be prospering at a time when other places are not as much.
The trajectory for a place like Boston or San Francisco or Dallas, sort of big cities that attract big industries and where wages for everyone, not just people in those industries, but service workers around them, people working retail jobs nearby the Google offices or the biotech firm in Boston. They've really gained.
The trajectory for a place like Boston or San Francisco or Dallas, sort of big cities that attract big industries and where wages for everyone, not just people in those industries, but service workers around them, people working retail jobs nearby the Google offices or the biotech firm in Boston. They've really gained.
The trajectory for a place like Boston or San Francisco or Dallas, sort of big cities that attract big industries and where wages for everyone, not just people in those industries, but service workers around them, people working retail jobs nearby the Google offices or the biotech firm in Boston. They've really gained.
So I think part of it is if you look only at where the costs are concentrated, you're going to see costs. But it's not the whole picture. That being said, it really sucks. Like, I'm not going to try to sugarcoat what's happened from the point of view of a Mack truck plant worker. Their life has gotten worse because of this transition. They have borne the brunt of this big change.
So I think part of it is if you look only at where the costs are concentrated, you're going to see costs. But it's not the whole picture. That being said, it really sucks. Like, I'm not going to try to sugarcoat what's happened from the point of view of a Mack truck plant worker. Their life has gotten worse because of this transition. They have borne the brunt of this big change.
So I think part of it is if you look only at where the costs are concentrated, you're going to see costs. But it's not the whole picture. That being said, it really sucks. Like, I'm not going to try to sugarcoat what's happened from the point of view of a Mack truck plant worker. Their life has gotten worse because of this transition. They have borne the brunt of this big change.
And I think going forward, this is going to be important because this is not going to be the last shock that the U.S. faces. The labor market could change a lot due to AI. It could change a lot due to other policies from Trump or someone else. It could change a lot if our relationship with China changes. And we need to be able to cope with big shifts like that.
And I think going forward, this is going to be important because this is not going to be the last shock that the U.S. faces. The labor market could change a lot due to AI. It could change a lot due to other policies from Trump or someone else. It could change a lot if our relationship with China changes. And we need to be able to cope with big shifts like that.
And I think going forward, this is going to be important because this is not going to be the last shock that the U.S. faces. The labor market could change a lot due to AI. It could change a lot due to other policies from Trump or someone else. It could change a lot if our relationship with China changes. And we need to be able to cope with big shifts like that.
I think what you saw at the MackTrek plant is an example of us failing and letting down people during a big transition. And we can't do that again.
I think what you saw at the MackTrek plant is an example of us failing and letting down people during a big transition. And we can't do that again.
I think what you saw at the MackTrek plant is an example of us failing and letting down people during a big transition. And we can't do that again.