Stephanie Roth

speaker
165 appearances 10 recordings 2 series first heard Dec 2025 last heard 9 Jul

Stephanie Roth’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
5 · Apr OctJan 26AprJulnow

Recordings per month over the last 12 months — 10 in all, peaking in Apr 2026 with 5.

Appearances

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They also have the benefit from that wealth effect.
But when you ask them, how do you feel about the economy, it's perhaps not great.
Yeah, I think that's part of it.
And also concerned about the future prospects because we all know AI is going to have important impacts on the labor market.
You continue to see headlines about job cuts.
The thing is that this part of the year there is often headlines about job cuts and everybody gets scared in January about the labor market because they see all these headlines and then it proves to be not such a big problem.
Yeah, if you start to shift towards 5%, then the dynamics... Good round number, 5%.
Good round number, 5%.
No, I don't think so either.
Yeah, it structurally shifted down over time, in which case...
Because the labor market dynamics have changed materially.
What keeps us in full employment today is not the same as what we were.
So therefore, if we're sitting at,
5%, that's a much riskier environment than what it would have been.
Yeah, I think that's fair.
And I guess that is the risk in the future, that we end up with a structural shift higher.
Because before it was a backdrop where globalization and manufacturing helped to sort of bring the economy into today.
We're a much more developed economy than we were, of course.
that's the risk that we see into the future, that we end up with a structurally slightly higher unemployment rate.
But I'm not convinced that it will end up being quite that.
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