The economy explained. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening.
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SUMMER SCHOOL 5: Car Parts, Celery & The Labor Market
You can learn a lot about a person from their job. The same can be said of an economy. The market for jobs can us a lot about how the economy is doing, but more importantly, it is where we look to see who the economy is working for, and who is left behind. In today's lesson we'll visit two workplaces each facing a different labor puzzle. At one end, there's the question of when to replace a worker with a robot, and what it is like to be that worker waiting for the robots to come. We'll also visit a farm where raising wages aren't enough to attract the workers needed to do the work. How wages are set, and who gets the raises on this session of Summer School. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.
How inequality helps make the business cycle such a beast (Planet Money+)
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Boom. Bust. Repeat. That's the business cycle. Economists have spent entire careers trying to understand it — and even tame it.
Atif Mian of Princeton University is one of those economists. In this episode, he explains a fundamental relationship between the business cycle, growing levels of personal debt, and income inequality. It's a relationship that could be making the booms and busts of the business cycle more severe over time.
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A new way to pay for college (Update)
College has gotten incredibly expensive. And some colleges are offering students a new way to pay. It's not a scholarship. It's not quite a loan. It's more like the students are selling stock in themselves. We check in on how income share agreements at one school have been working. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
SUMMER SCHOOL 4: Inflation & Drinking Buddies
Inflation can be one of the scariest forces in the economy. As prices rise and your dollar doesn't go as far, you feel poorer, and it's all out of your control. To better understand inflation, we turn to the story of Brazil, where, in the 90s, hyperinflation threatened to derail the whole economy until the country turned to a group of unlikely heroes: four drinking buddies. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.
BONUS: Micro-Face: The Musical
Mirco-Face: The Musical. A concert recording of a live musical that grew out of our project 'We Buy A Superhero.' Written and directed by Kit Goldstein Grant.
Two recession Indicators
So are we in a recession or not? The jury is still out, but there are some warning signs. GDP is down and inflation is up. But how much do we know about the 'indicators' that tell us how the economy is doing? Today, the stories of two of our most important indicators, the Consumer Price Index and GDP, and what they can and can't tell us about our current economic predicament.| Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Been listening for years. I do miss some of the previous hosts, Robert Smith for sure, but still holds up. Reading recent reviews provides lots of comic relief from many racist, hillbilly Trumpers.
Loving Summer School!
This podcast has made me love Summer school. Always engaging and interesting content!
Fantastically educational and fun!
A great podcast for people who want to stay informed on current economical issues and understand the meaning and history behind them. Also, very entertaining with specials like the “Beigey awards” and the 7-part series on buying a comic book character Micro-face.
Love every episode!