What’s a K-Shaped Recovery?
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- Опубликовано: 21 авг 2024
- K-Shaped Economic Recovery | Welcome to Data Demystified. I’m Jeff Galak, and in this episode we’re going to look at how the economic recovery is not going quite as smoothly as some news reports would have you think. In fact, we’re going to look at what economists call a k-shaped recovery and see if that’s what we’re seeing right now.
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The content on this channel is really improving fast, this deserves way more views and subscribers
Thank you!
Thank you! Simple yet thorough, straightforward and without the fluff, you earned my SUBSCRIBE Professor!
Great explanation of an important concept Jeff.
You should make more videos ! I am addicted.
Ha! Thanks!
Agree that this is great content! Well done, Professor Galak!!
Thanks Cait!
While the current unemployment benefits may be disincentivizing people from going back to work, and there being what seems like a large-scale strike of people not going back to low-paying jobs with poor benefits, or quitting them, I wonder now, looking at the growth in high-wage jobs from last Spring, how many previously low-wage workers made it up the ladder, or if any did at all.
That's a good question. If you know where to find the data to answer that, I'd love to know!
@@DataDemystified Not a clue! Just another hypothesis I'll have no good way of investigating. First, just to be sure I am asking a good question, I'd have to see what high-wage job growth was like for some time before the pandemic recession so I could say whether or not that amount of growth in high-wage jobs is unusual or ordinary. Right now it seems unusual, but I don't know where to find that data to corroborate that.
PIG