Prof G Markets How Policy is Failing the American Workforce — ft. Kathryn Anne Edwards
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Oct 10, 2025 
Kathryn Anne Edwards, a PhD economist and Bloomberg columnist, delves into the complexities of the American labor market. She discusses the impact of government shutdowns on federal workers and the risks of fading data collection. Kathryn highlights the rise of NEETs—youth not in education or employment—and ties the 'trad wife' trend to gaps in high-quality part-time work. She proposes practical policy solutions like paid family leave while addressing how ICE raids affect labor dynamics and the economy's pull on undocumented workers.
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Shutdowns Hurt Now, Not Always Later
- Government shutdowns hurt workers and services but don't necessarily cause recessions if short and reversible.
- The main damage is immediate income loss and administrative costs to taxpayers.
Data Gaps Amplify Uncertainty
- Missing government data from shutdowns creates uncertainty but timing matters for which reports are affected.
- Short disruptions can be survived, but longer ones degrade real-time economic monitoring.
Economy Caught Between Slowing And Inflation
- The U.S. economy shows stagflation-like signs: slowing activity alongside persistent price pressures.
- Policy uncertainty is amplifying mixed signals and splitting macro outcomes.
