Is the Labor Market About to Tip Us Into Recession? — ft. Kathryn Anne Edwards
episodePreviously titled “Is the Labor Market About to Tip Us Into Recession?” — renamed by the publisher on Aug 2, 2026
Transcript
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What are the current challenges in the labor market?
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More and more Americans are finding themselves taking care of their kids and their parents at the same time. Well, you know, I joke that there's a dark game, which I was playing, which family member will I disappoint today? How to care for others without burning out in the process. That's this week on Explain It To Me. Find new episodes Sundays wherever you get your podcasts.
Today is number 13. That's the percentage of U.S. adults who believe Bigfoot is real. Ed, what do they call Bigfoot in Europe? I don't know. Big meter. Some people have been complaining about how pornographic my jokes are, so I'm going to get them to beg for the dirty jokes, which is bad dad jokes. I like that. I think that's a good idea. How does Bigfoot tell time? How? He's got a Sasquatch.
Welcome to Profiting Markets.
It's dad minus the vulgarity.
Ed, how are you? I'm doing well. It's a beautiful day here in New York. It's finally spring here, so everyone's in a good mood. Everyone's feeling happy again. So am I, so I'm doing well.
You're looking very fall.
It's the spring. You need some quince. It's funny you say that. This actually is quince, but I need some new spring collection. So yeah, I'm doing well. How are you doing? Where are you? How was spring break? Lots of questions.
I am in Los Angeles. Spring break was great.
How is AI influencing layoffs and employment?
I was in Florida, a ton of time with the boys. Beautiful there. Love my place there. And then I went to Palm Springs to go to Coachella. And now I'm in Los Angeles at my second home at the Beverly Hills Hotel where I just had a really fattening breakfast. And I'm talking to you and I'm waiting for my agent to come meet with me and have lunch. Jesus Christ, I'm a douchebag.
Ask me about Coachella, Ed. I was just going to ask you that. I did not know that you went to Coachella. How was Coachella?
I figured out the ultimate hack for Coachella. Every three years I go and I realize I'm too old and I hate going to the fucking festival and you walk for three hours and it's like crowded and someone bumps me and I get all bummed out. And so this year I did it exactly right. I would, my friend has a beautiful home there and I just hang out by the pool and then I go and I get great Mexican food at some dive Mexican restaurant and I don't go to Coachella. And if David Byrne is playing, I go home and I take an edible and I listen to David Byrne, which is almost as good. And then I go to the after parties because I get invited to these fun after parties. So I do Coachella, but I don't go to Coachella.
Is that sad? Is that sad?
Is it genius or is it sad? No, it's not sad. It's not genius. I think it's a little genius.
I think it's genius-ish.
Yeah.
It's a little douchey. Well, have you met me? Yeah. And I go with a bunch of friends from LA and I meet up with them after at some like branded tequila party or nylon magazine or there's something called Neon, which is a carnival, which I don't get. And I think I'm the only person there, not an MDMA. But, yeah, it's nice, and I love Palm Springs. What did you do this weekend?
Not very exciting. I worked pretty much all weekend.
It was actually one of my most boring— Oh, stop complaining, bitch. Wait, your boss, your very old boss is at Coachella and the 26-year-old is working all weekend. I like that. I think that's why I get to go to Coachella. Let's connect the dots here. That's the idea. That's what we're doing here. What were you working on this weekend? What do we got going on?
Well, I was working on a presentation that I'm doing in a couple of weeks, but that's actually sort of not really the headline news here because there's a very exciting update that we should talk about.
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Chapters
8 chapters
1
What are the current challenges in the labor market?
0:00–2:11
2
How is AI influencing layoffs and employment?
2:11–4:36
3
What impact do immigration trends have on the job market?
4:36–6:21
4
How do layoffs correlate with economic downturns?
6:21–9:24
5
What sectors are experiencing job growth or decline?
9:24–12:54
6
How does the current administration's policy affect employment?
12:54–17:43
7
What are the implications of rising inflation on the labor market?
17:43–22:25
8
What solutions can improve the labor market and economy?
22:25–1:12:55
Speakers
7 identifiedMore from Prof G Markets
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