Marketplace The 'K' in 'K-shaped economy' stands for 'kitchen'
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Oct 3, 2025 Emily Baker-White, a Forbes reporter and author of 'Every Screen on the Planet', dives into the striking K-shaped economy, highlighting the disparity between fast food struggles and booming sit-down dining. She discusses the geopolitical implications of TikTok's U.S.-China relations and the app's controversial algorithm. As negotiations evolve, Baker-White reveals how TikTok is becoming a significant player in global politics, while also touching on the future of solar energy in America with the impending end of tax credits.
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Shutdowns Create Economic Blind Spots
- The government shutdown creates operational blind spots for economists tracking the economy.
- Heather Long compares it to flying blind and highlights real human impacts like furloughed workers.
Fed Faces Inflation vs. Jobs Trade-Off
- Fed officials balance inflation control against labor-market strength when forming policy.
- Persistent inflation means the Fed must keep watching price stability even if jobs remain stable.
Diverging Restaurant Trends
- Fast-food spending has stagnated since 2023, reflecting strain among ordinary workers.
- Full-service restaurants have held up better because their clientele skews higher-income.
