In this week's episode of the Passing Judgment podcast, host Jessica Levinson engages in a compelling discussion with guest Dean Baker, co-founder of the Center for Economic and Policy Research, on the state of the economy and associated governance challenges. Join us as we cover a range of crucial economic issues, shedding light on several key takeaways for you listeners.
Here are three key takeaways you don't want to miss:
1️⃣ Economic Perception vs. Reality: Despite public perception of a negative economy, the data tells a different story. With low unemployment rates, high workplace satisfaction, and real wage gains, the economy is showing positive signs.
2️⃣ The Influence of Pessimism on Economic Behavior: While people may feel negatively about the economy, high levels of consumer spending, particularly on non-essential items, suggest that behavior does not always align with perception.
3️⃣ The Tension Between Expertise and Politics: Issues like combatting global warming, altering prescription drug research financing, implementing a financial transactions tax, and addressing CEO pay are key priorities, but there are structural government challenges hindering progress.
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On X formerly known as Twitter: @DeanBaker13
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On Threads: @LevinsonJessica