Navigating Local Debt and Economic Shifts

Aaron Terrazas is an economist who has worked for the U.S. Treasury, Zillow and was most recently, the chief economist at Glassdoor. He spent his career providing research, analysis and commentary on today’s evolving workplace and fast-changing labor market. 
Aaron discusses how there are two different job markets concurrently happening, and delves into the undercurrent beneath the headline numbers we are seeing in the economy and job market, primarily the erosion of the quality of work for white-collar workers.
Aaron talks about the cloud of uncertainty heading into 2025 and the importance of nuance when talking about issues such as illegal immigration and labor supply. We speak about the shift of demographics in the workforce, with the exodus of Baby Boomers and the implications that has on the job market and upward mobility, as well as intergenerational wealth transfers. Lastly, we talk about the impact of inflation in the near and long term, and how high interest rates alter the calculus of capital and startup investments.