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The Supreme Court’s decision to overturn Roe v. Wade won’t just make abortions more expensive and difficult to access; it’s also expected to exacerbate economic disparities between people who can afford access to reproductive services and those who can’t. Today, a look at the ruling’s impact. Plus, a recap of Fed Chair Jerome Powell’s trip to Capitol Hill and companies’ evaluation of hybrid work.
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The ruling on Roe v. Wade could have a big effect on tech business located in states where abortion could become banned, especially when it comes to drawing tech talent to those states. We look into how gas prices could force a lot of drivers for ride-hailing services to re-evaluate the worth of having that side hustle. Christopher Low joins us to discuss the markets.
We speak with Dan Erickson, the creator, showrunner and head writer of the Apple TV+ show “Severance,” where a group of workers at a mysterious corporate monolith have elected to undergo a surgical procedure that splits their personalities in two: a work version and home version. The nation’s biggest banks have passed the Federal Reserve’s annual stress test, meant to ensure that banks can keep lending to consumers and businesses even during a severe recession.
This week, the Department of Justice settled a lawsuit with Meta, Facebook’s parent company, over the use of algorithms the government said were discriminatory. Meta said it will change its targeted ad toolAnd subject it to what’s called “algorithmic auditing.” Marketplace’s Meghan McCarty Carino speaks with Sasha Costanza-Chock, a researcher with the Algorithmic Justice League. She says audits can be done within companies, by contractors, or by outside parties like researchers and journalists.
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It’s not just you. Housing affordability is getting worse. Marketplace’s Amy Scott, who covers housing, is here for a news fix on the state of the market. Plus, the economy is giving us bad vibes, and so is the Supreme Court. Then, would you like to sleep in a giant windowless (fake) potato, or what about a submarine? Finally, why Airbnb listings are about to get wild.
Here’s everything we talked about today:
Join us tomorrow for Economics on Tap. We’ll be on the YouTube livestream starting at 6:30 ET/3:30 PT. We’ll have more news, drinks and a game!
Low-paid workers have seen some of the biggest pay increases since the start of the pandemic. But those gains are already slowing as the Federal Reserve puts the brakes on the economy and cools the labor market. Today, we dig into the real-world consequences of the Fed’s decisions. Then, a reevaluation of credit card late fees, a potential moratorium on cryptocurrency mining and high inflation across the pond.
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Six years in, Sana and Adnan Akhand loved being married to each other. But sharing everything — their apartment in New York City, their money, the household duties, all their free time — shook the balance of power in their marriage, and they ended up feeling stuck. They were looking for a big reset, and found that they had to interrogate their fundamental ideas about what makes a good marriage to see their future together.
President Biden’s call for a suspension of the gas tax holiday probably sounds like an awesome way to ease the pain of high gas prices, but it might not be as productive as it sounds. In fact, it could make some things worse. The Food and Drug Administration is poised to ban Juul e-cigarettes from store shelves. Dr. Trevon Logan of The Ohio State University joins us to discuss some history behind the Fed’s interest rate raises.
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Fed Chair Jerome Powell told the Senate Banking Committee on Wednesday that recession is possible, and he’s expected to testify before the House Financial Services Committee today as part of his twice-a-year report to Congress on monetary policy. The Oscar-nominated documentary “Ascension” examines the concept of the Chinese dream through the lens of several people woven into its shifting economy. China correspondent Jennifer Pak discusses how Chinese society is actively manifesting that dream.
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