The Indicator from Planet Money

Donald Trump's victory in this year's election had a lot to do with how many Americans feel about the US economy (surprise: not good). But Simon Rabinovitch, US Economics Editor for The Economist, argues that, despite the turmoil of the past few years, America's economy remains the envy of the world. Today on the show, Simon explains why that is, but also why he believes a Trump presidency puts America's 'economic exceptionalism' at risk.

The envy of the World - The Economist

Related episodes:
How much do Presidents ACTUALLY influence the economy? (Apple / Spotify)
Why are some nations richer? (Apple / Spotify)

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It's the most important day of the year for the country ... The Beigie Awards! The Beigie Awards are back to recognize the regional Federal Reserve Bank with the best Beige Book entry. This time, we shine a spotlight on one entry that speaks to a logistics problem affecting farms in the midwest.

Related episodes:
Using anecdotes to predict recessions (Apple / Spotify)
The Beigie Awards: Why banks are going on a "loan diet" (Apple / Spotify)

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For the second year in a row, the U.S. government is buying the largest quantity of apples in its history because there are not enough consumers and processors who want to buy them. Today on the show, an abundance of apples and why some apple growers are getting out of the game altogether.

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The Bureau of Labor Statistics reported the unemployment rate remained steady at 4.1% and 12,000 jobs were added to the U.S. economy during October. It's a lower-than-expected jobs number, from a period that saw two significant hurricanes in the southeast and a strike from workers at Boeing. Today on the show, we explain the complexities of calculating the monthly job numbers, and why the Bureau of Labor Statistics can be trusted.

Related episodes:
Behind the scenes of Jobs Friday (Apple / Spotify / NPR)

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In 1880, the Chinese were the biggest group of immigrants in the western U.S. But Sinophobic sentiments crystallized into racist policies and eventually the Chinese Exclusion Act of 1882. The rationale was that banning Chinese laborers would boost job opportunities for U.S.-born workers. Today, an economist explains how the Chinese exclusion laws affected the economies of western states and what it says about our current debate over immigration and jobs.

Read the working paper co-authored by Nancy Qian.

A digital scan of the photo album in the California Historical Society's collections is available here.

For more on this period of history, check out At America's Gates: Chinese Immigration during the Exclusion Era, 1882-1943 by Erika Lee.

Related episodes:
What's missing in the immigration debate (Apple / Spotify)

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Immigration is a top concern among U.S. voters this election cycle. But Zeke Hernandez, a professor at the University of Pennsylvania who studies immigration,thinks politicians and the media aren't giving the public the full story. Too often, he argues, they paint immigrants as objects of pity or fear, when the reality is much more complex — and positive. Today on the show, we look beyond the binary and explore the less talked about ways documented and undocumented immigrants shape the U.S. economy.

Zeke's book is called The Truth About Immigration: Why Successful Societies Welcome Newcomers.

Related listening:
Is the border crisis really a labor market crisis? (Apple / Spotify)
Do immigrants really take jobs and lower wages? (Apple / Spotify)
Welcome to the USA! Now get to work (Apple / Spotify)

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Social Security has thus far been self-sustaining—payroll taxes go into this big fund, which then pays out monthly checks. But the problem we have now is the money coming into that fund is not keeping up with the money going out.

The election hasn't been great for people concerned about the government's finances. The Committee for a Responsible Federal Budget estimates that Donald Trump's election proposals will speed up the rundown in the Social Security fund by a few years.

So, when Social Security runs out of money as it's projected to do ... could we just borrow more money? And if so, what would that mean for the already rising government's debt?

Today on the show, how worried should we be about Social Security and the federal debt? We explain a fresh indicator to assess whether or not America's getting too far in the red.

Related Episodes:
What does the next era of Social Security look like?
Iceberg ahead for Social Security

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The Maldives is a small island nation struggling with a heavy debt load. Its borrowing includes $500 million worth of something called sukuk. These are bond-like investments that don't pay interest, to be in line with Islamic law. Today on the show, we explain how sukuk works, how it fits into the larger world of Islamic finance and what might happen if the Maldives can't pay back its debt.

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We ask economists for their expertise all the time on The Indicator, so why not their tips on love? On our final installment of Love Week, we ask economist Tim Harford to answer listeners' relationship quandaries, from paying for a first date to alternatives to saying, 'I love you.'

Thanks to Grant-Lee Phillps for composing our Love Week theme song and Kaitlin Brito for artwork.

Related episodes:
Trying to fix the dating app backlash (Apple / Spotify)
How American heiresses became Dollar Princesses (Apple / Spotify)
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)

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Unanswered messages. Endless swiping. An opaque algorithm. The backlash to online dating feels like it's reached a fever pitch recently. For today's Love Week episode, why people are unhappy with online dating and what Hinge's CEO is trying to do about it. Also, a Nobel Prize economist delivers a little tough love.

Related listening:
How American heiresses became Dollar Princesses (Apple / Spotify)
Why the publishing industry is hot (and bothered) for romance (Apple / Spotify)
It's Love Week! How the TV holiday rom-com got so successful (Apple / Spotify)
Hinge: Justin McLeod (How I Built This)
The dating app paradox
The economics behind sorority rush

Special thanks to Grant-Lee Phillips for our Love Week theme song and Kaitlin Brito for episode artwork.

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