Episode 341: Strangers With Candy
Words & Numbers
China's Economy, Reservation Wage, and Affordable Housing
This chapter explores China's economy, the concept of reservation wage in the United States, and the affordability of housing. It discusses the impact of Trump and COVID on Chinese students, China's centrally planned economy, the absence of unemployment statistics for young workers, and the skepticism towards reported wage increases. Additionally, it touches on upcoming debates, mortgage rates, inflation, and an upcoming announcement regarding a program for affordable homes.
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