Productivity — the rate at which companies make what they make, or do what they do — has been a reliably bright spot in this economy. But wage growth hasn’t kept up. In this episode, what’s hampering compensation growth while overall productivity rises at a clip? Plus: Is AI actually to blame for recent layoffs? Is rising global debt bad news? And, the partial government shutdown will delay crucial employment data.

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Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The precious metals market has been on a tear, but experienced a severe correction last week. Part of it has to do with the nomination of Kevin Warsh as Fed chair. We'll discuss it, plus preview this week's big hiring and unemployment reports. Plus, from our partners at the BBC, one out of every five people over 65 in Japan is living with dementia or has early symptoms. How are businesses responding?

In January, five states enacted laws restricting people who receive food aid from buying sugary beverages and snacks. About a dozen more will follow suit later this year. This morning, we'll learn about how that affects SNAP recipients and grocery stores. Plus, last week, gold and silver had their worst declines in decades. Then, as part of Marketplace's "AI and You" coverage, we'll look back at when the dot-com boom led to a rapid expansion of internet infrastructure — similar to what we're seeing today with AI.

From the BBC World Service: After a historic rally, gold has seen its biggest drop in more than a decade. Silver is also down after sharp swings in Asian trading. The rapid decline comes after President Donald Trump announced Kevin Warsh as his nomination for Federal Reserve chair, a pick many hope can continue to preserve Fed independence. Then, we head to Japan, where local tech firms are helping seniors living with dementia.

With all the fanfare surrounding AI these days — the utopian dreams and dystopian nightmares — it can be hard to see the technology as simply a tool that anyone can use to improve their lives.

That's what tech columnist Christopher Mims at the Wall Street Journal focuses on his new book "How to AI: Cut Through the Hype. Master the Basics. Transform Your Work.” In it, he outlines two dozen “AI Laws” for how consumers and organizations should think about AI.

First up: AI is an assistant, not a replacement.

Activists called for a nationwide shutdown of economic activity Friday, Jan. 30, following another killing by immigration officials. But in this unforgiving economy, small business owners who support the cause faced a difficult decision. Today, a few told us how they navigated the moment. Plus: Sluggish big oil earnings show why Venezuela investment isn't popular, Trump announces his pick for Fed Chair, and parents pay a price for snow days.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The Winter Olympics kick off next week in Milan, Italy. On today’s show, Kimberly is joined by Jackie Wong, self-described skate nerd and host of “The Rocker Skating Podcast” to break down the basics of Olympic figure skating and who to watch at the Milan Cortina Games. Despite the sport’s popularity, figure skaters frequently struggle financially off the ice. We’ll get into it. Plus, you pick: real hockey or “Heated Rivalry”?

Here’s everything we talked about today:

• "Winter Olympics 2026 guide: All you need to know about the Milan Cortina Games" from AP News
• "Milan Cortina Olympics: Figure skating could have multiple American golds" from Yahoo Sports
• "What Should I Watch at the 2026 Winter Olympics?" from The Cut
• "Around 5 billion people - 84 per cent of the potential global audience - followed the Olympic Games Paris 2024" from the International Olympic Committee 
• "To Go for the Gold, These Olympians Went Into the Red" from The Wall Street Journal

We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email [email protected].

This morning, President Donald Trump revealed his choice to lead the Federal Reserve: It's Kevin Warsh, a former Fed governor and more recent Fed critic. If confirmed by the Senate, Warsh would replace Jerome Powell, whose term expires in May. Warsh had called for "regime change" at the Fed. On today's show, we'll dig into Warsh's background and perspective. Plus, from "Marketplace Tech," we'll hear how a Nevada startup is taking used electric vehicle batteries to help power a data center.

An increasing number of states in the U.S. not only require high schools to teach financial literacy but also require them to incorporate the fundamentals of free-market capitalism into their lesson plans. We head back to the classroom to hear how these lessons are changing as a growing number of students voice skepticism about capitalism. (Need to head back to Econ 101? Take our quiz to find out.) Plus, following last week's economic blackout in Minneapolis, we examine the history of general strikes in the U.S.

From the BBC World Service: Panama’s Supreme Court has annulled a contract allowing for a Hong Kong company to operate two ports on the major shipping route. The canal handles 5% of all shipping traffic between the Atlantic and Pacific, and the news comes as the Trump administration seeks to curb Chinese influence in the region. Then, Madagascar recently opened its first-ever stretch of highway. Can it speed up trade and spur economic development in the country?