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Kathryn Anne Edwards

๐Ÿ‘ค Speaker
608 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
The Jobs Report Is Worse Than It Looks

Well, the other conclusion is that, you know, health care as a sector is not... I would feel better about what's happening and just say, look, old people demand a lot of health services.

Prof G Markets
The Jobs Report Is Worse Than It Looks

You know, people in general are demanding health services.

Prof G Markets
The Jobs Report Is Worse Than It Looks

That's fine.

Prof G Markets
The Jobs Report Is Worse Than It Looks

What worries me is just how poor performing the health care sector is, you know, when it comes to the job that it's supposed to do.

Prof G Markets
The Jobs Report Is Worse Than It Looks

Americans pay a fortune for health insurance and they don't like it.

Prof G Markets
The Jobs Report Is Worse Than It Looks

They don't like what they can access.

Prof G Markets
The Jobs Report Is Worse Than It Looks

They don't like how much they pay for it.

Prof G Markets
The Jobs Report Is Worse Than It Looks

They don't like how insurance works.

Prof G Markets
The Jobs Report Is Worse Than It Looks

I mean, there's just there's so much dissatisfaction with this industry that from the lens of the macro economy, health care is adding jobs.

Prof G Markets
The Jobs Report Is Worse Than It Looks

And that makes sense because we have an older population and we consume a lot of health care.

Prof G Markets
The Jobs Report Is Worse Than It Looks

It's one sixth of our economy.

Prof G Markets
The Jobs Report Is Worse Than It Looks

I think that it that type of thing.

Prof G Markets
The Jobs Report Is Worse Than It Looks

role that it plays in propping up a market through what would be kind of recessionary periods blinds us to the fact that this industry has severe problems.

Prof G Markets
The Jobs Report Is Worse Than It Looks

And I worry that its role of we still added 80,000 jobs because health care was added or health care added 82,000 jobs.

Prof G Markets
The Jobs Report Is Worse Than It Looks

So we had a good report is really blinding us to the problems within this sector.

Prof G Markets
The Jobs Report Is Worse Than It Looks

Right.

Prof G Markets
The Jobs Report Is Worse Than It Looks

We're too afraid to look too closely at just how bad of a sector health care is on some pretty important metrics like making people healthier.

Prof G Markets
The Jobs Report Is Worse Than It Looks

Yeah.

Prof G Markets
The Jobs Report Is Worse Than It Looks

Well, two things.

Prof G Markets
The Jobs Report Is Worse Than It Looks

One, it's bad and there's no way to spin it.