Economy Gets a 'B Minus': Strong Jobs but Stubborn Inflation and Stagnant Wages
By
Justin Wolfers
Summary
The article presents an economic analysis giving the current U.S. economy a "B minus" grade. It highlights mixed signals: inflation at a three-year high and stagnant real wages, contrasted with surprisingly strong job growth over the past three months. The author argues for separating working and non-working parts of the economy and warns against political cherry-picking of economic narratives. The conversation also touches on AI's impact on white-collar work and broader democratic concerns.
Source
bskyEconomy Gets a 'B Minus': Strong Jobs but Stubborn Inflation and Stagnant Wagesnewsletter.platypuseconomics.comKey quotes
· 3 pulledI give the current economy a 'B minus'
inflation just hit a three-year high and real wages have barely budged since the president took office, but job growth has been surprisingly strong over the past three months
It's important to separate the parts of the economy that are working from those that aren't, and not let either side of the political spectrum cherry-pick a narrative that best fits their slogans
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