Menu
Sign In Pricing Add Podcast
Podcast Image

On the Media

The Price of a Free Market

Thu, 13 May 2021

Description

Last Friday, the Department of Labor released its monthly jobs report, and the numbers were...disappointing. Expectations had rested around adding approximately a million jobs, and April yielded a meager 266,000. In a rare moment of genuine surprise in Washington, some economists said they didn’t know the exact cause of the drop. But for weeks prior to the report, the press had offered stories across the country with a simple explanation: there are jobs, but no one wants them. The great labor shortage. And as anecdotes of fast food chains begging for workers and local restaurants limiting hours poured in, so did theories of an alleged culprit keeping potential employees away: covid-era unemployment benefits were depressing America’s work ethic. Bob spoke with Heidi Shierholz, director of policy at the Economic Policy Institute, and former chief economist for the Department of Labor during the Obama administration, to find out what the numbers can really tell us, and what they can't. On the Media is supported by listeners like you. Support OTM by donating today (https://pledge.wnyc.org/support/otm). Follow our show on Instagram, Twitter and Facebook @onthemedia, and share your thoughts with us by emailing [email protected].

Audio
Featured in this Episode

No persons identified in this episode.

Transcription

No transcription available yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes
🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Comments

There are no comments yet.

Please log in to write the first comment.