Economist Podcasts

The Intelligence: Workers of the world, delight!

16 snips
Jan 4, 2024
Join Christian Ogendail, European Economics Editor at The Economist, Matthew Hullhouse, the publication's Britain correspondent, and Leo Marani, their India correspondent, as they dive into transformative labor market shifts from aging demographics to AI innovations. They dissect the political tension ahead of Britain’s 2024 elections, spotlighting the Labour Party's momentum against rising living costs. Plus, discover how India’s single malt whiskey industry is forging a place on the global stage amidst intense competition.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Shifting Labor Markets

  • The mid-2010s were a bad time for workers due to the financial crisis and weak wage growth.
  • Now, conditions have improved, creating a "golden age" for workers in the rich world.
INSIGHT

Demographic Shift

  • Demography is the biggest change in labor markets, as aging societies make labor scarcer.
  • This scarcity increases worker value, especially for manual labor, and reduces outsourcing threats.
INSIGHT

Worker Demand

  • Companies are hesitant to lay off employees due to worker shortages and high job openings.
  • Immigration increases, but it won't fully address the labor gap, giving workers more leverage.
Get the Snipd Podcast app to discover more snips from this episode
Get the app