2min chapter

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What are SmarterMarkets? Episode 1 | Jeff Currie, Goldman Sachs Global Head of Commodities Research

SmarterMarkets™

CHAPTER

Is the New Economy a Good Idea?

How does the fact that we are seeing meaningful rises in minimum wages and a lot of big corporations giving out wage hikes really just to seem like good culporate citizens? Does that just tubo chadge the dynamic? Yo've already set out, absolutely. But i almost think it's almost the same story in the sense that if you take the old economy, it employs the vast majority of low income groups, and then you have the new economy, which is the higher income groups. And so  i almost really believe it's one story over the whole time period,. We pulled the carpet out from underneath the low income groups e and everything. So you killed off the demand for commodities

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