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Kathryn Anne Edwards

๐Ÿ‘ค Speaker
608 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

So you need to triage your unemployment system so that it looks like unemployment.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

Some people who lose their job to AI, they'll probably get a new job within one to two months.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

Some people, it'll take six, they'll pivot a little bit, but they'll be fine.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

Other people, they'll never find a job in the career they were trained for again.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

Our unemployment system basically is hands over the eyes, hands over the ears, shaking its head, not recognizing that any of that nuance occurs.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

It absolutely could.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

Just triage through them.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

There's also a lot of ways we could deliver benefits that would be smarter and more fitting to how people respond to unemployment.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

So an idea that's been kicking around for such a long time but no one wants to take initiative on is it should be paid out as a lump sum.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

Right now, it's a weekly benefit.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

You're eligible for a period of time, sometimes up to 26 weeks, longer in a recession.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

But 26 weeks of a fourth of your pay is really tough if you've got a mortgage, if you've got rent, if you've got a car payment.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

If you know a friend who has a job or says there's space in another city and you think you'll be able to get a job there, the weekly benefit is so paltry.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

It's enough to not lose everything, but it's also so little you'll lose something.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

A lot of people think that you should be able to just get your four weeks or eight weeks of unemployment paid out as a check.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

And then if you need to move, if you need to pay for something, you know, you just you empower more workers.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

I think the part that's scary for a lot of policymakers is that we're not a country that easily gives power to workers.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

And this would empower them greatly.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

My response is policy person first, economist second, human third.

Prof G Markets
Is the Labor Market About to Tip Us Into Recession?

So policy person first, they're both failures.