Four years ago, the harsh reality of Covid hit the United States; the bottom fell out for millions of lives and livelihoods. We're in a far better place now, and where we are headed holds promise.
Housing cost is a big reason why there is still so much angst among many americans- and that is whether renting or buying. The problem is many of the policy solutions are in the micro, local or regional realm and in a combination of initiatives. Politicians, economists, and policymakers often fall short in these areas and they are not "glamorous". It is time consuming, detail oriented, and likely to upset many constituents. That is why the problem festers.
Why don’t economists ever talk about the fact that more and more workers at the lower end of the payscale have to work at more than one job to make a living? The low unemployment rate and robust job market stats never seem to mention that. It seems to me that is a big reason why many don’t feel the economy is good right now, despite the improvements in employment. Workers have to work multiple jobs, far more hours than their parents worked, and still can’t save enough to buy a house like their parents and grandparents did. That should be a quantifiable statistic included in every news story or analysis of the economy.
As always, Dr. Sahm, well done. Clear, concise, and informative. I appreciate the clear-eyed optimism, too.
“go big, go broad, and go fast” with economic relief.
Yes. Relief! Not "stimulus."
Housing cost is a big reason why there is still so much angst among many americans- and that is whether renting or buying. The problem is many of the policy solutions are in the micro, local or regional realm and in a combination of initiatives. Politicians, economists, and policymakers often fall short in these areas and they are not "glamorous". It is time consuming, detail oriented, and likely to upset many constituents. That is why the problem festers.
Why don’t economists ever talk about the fact that more and more workers at the lower end of the payscale have to work at more than one job to make a living? The low unemployment rate and robust job market stats never seem to mention that. It seems to me that is a big reason why many don’t feel the economy is good right now, despite the improvements in employment. Workers have to work multiple jobs, far more hours than their parents worked, and still can’t save enough to buy a house like their parents and grandparents did. That should be a quantifiable statistic included in every news story or analysis of the economy.
my apologies, I lack restraint sometimes. But remember this, I'm a warrior protecting lots of interests and sometimes responding in milliseconds:}
my apologies
Most Americans are better off financially now than before the pandemic. Really?
I think you've been brainwashed by big money interests somehow
I wish I had your optimism 😥