Ken Brown
speaker
60 appearances
1 recordings
1 series
first heard Jan 2018
last heard Jan 2018
Ken Brown’s voice in public audio — every appearance, attributed to the second.
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Appearances
Yeah, you're right.
That's been one of the great mysteries of the economy in the last couple of years.
Unemployment has fallen a ton and it's very, very low now by historic standards.
And so when that happens, people have to pay more to get workers to come in the door and work.
And that hasn't happened.
And so everyone is wondering if and when that will happen.
There is some evidence that's starting to happen, but we haven't seen a big jump.
Right.
Well, so when people raise worker salaries, then either they if you're a company, either your profits go down or you offset it by raising prices and raising prices means inflation.
And that's what the Fed cares about.
And so if you see a big jump in salaries, then you probably would see, you know, higher interest rates.
Right.
Well, you can use the word big over and over and over again when you talk about these companies.
Amazon, Facebook, and Microsoft, and Google have gotten just huge.
The combined market gap of these companies is over $3 trillion now.
And so how much can they keep growing?
Well, their earnings have been great.
And so that's one of the reasons driving it.
But companies can't grow at that pace forever.
Just as one example, Amazon can't take over every bit of retail sales in the United States.
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