The Indicator from Planet Money

Nick Fountain, a keen observer of economic trends, dives into the multifaceted impacts of pay transparency, revealing it can boost wages by 2.5% on average. He also discusses a fascinating research experiment where participants were paid to reduce social media usage, shedding light on consumer behavior. The conversation shifts to the alarming rise in beef prices due to screw worm flies, detailing a historical eradication effort and current containment strategies to protect cattle. Nick's insights highlight the intricate connections between economics, agriculture, and technology.

Navina Sadasabam, a Grist reporter focused on the disaster economy, discusses the insidious rise of contractor scams post-natural disasters. She shares the harrowing story of Craig Crosby, whose home was devastated by wildfire and subsequently exploited by unscrupulous contractors. The conversation unveils the tactics these scammers use, including misleading sales pitches and confusing insurance claims. Navina offers vital tips for homeowners to safeguard themselves, such as getting multiple bids and confirming communications with insurers.

Foreign automakers are feeling the pinch of tariffs and are turning to U.S. suppliers to avoid skyrocketing costs. A fascinating speed-dating event matches suppliers with carmakers like Honda and Mercedes. The five-minute pitch format is nerve-racking but efficient for establishing new relationships. Tariffs have spurred interest in domestic suppliers, but the lengthy validation process can slow down decisions. With rising material costs overseas, carmakers are cautiously exploring local options, all while grappling with the complexities of procurement strategies.

Rakul Skurriner, a Danish woman with a fascinating journey from fishing boats to nursing, shares her insights on Denmark's 'flexicurity' labor model. She discusses how she confidently left her job to care for her child, knowing social systems would support her. With robust unemployment benefits, including full training support, Rakul retrained as a nursing assistant and found a fulfilling new role. The hosts explore how Denmark balances ease of job transitions with generous benefits and consider what the U.S. could learn from this successful model.

Ever found yourself overbidding in an auction, only to realize you’ve overpaid? This fascinating conversation dives into the concept of the winner’s curse. Behavioral economics at play reveals why we often make irrational decisions in competitive settings. Learn how Richard Thaler and Alex O. Imas tackle these anomalies in their new book. Plus, hear insights on how behavioral patterns can shape our financial strategies and decision-making processes.

Keith Romer, a guest contributor known for his practical economic insights, dives into crucial topics like the reality of falling real wages and the controversial 50-year mortgages proposed under the Trump administration. He stresses how these long-term loans could lead to significantly higher overall costs. Additionally, Romer highlights the hidden expenses of rideshare services, revealing that New York riders could save $300 million annually simply by comparing Uber and Lyft prices. A must-listen for savvy consumers!

This session features Monica DeBull, a Senior Fellow at the Peterson Institute for International Economics, known for her insights on international macroeconomics. They delve into the U.S.'s $20 billion bailout for Argentina through the Exchange Stabilization Fund. Monica discusses the fund's historical significance and modern implications, contrasting Argentina's situation with past bailouts like Mexico's in 1995. Key topics include political motivations, the risks of recurring crises, and unique plans for additional private funding.

Phil Magnus, a senior fellow at the Independent Institute and trade policy commentator, delves into President Trump’s potential backup strategies for tariffs amidst an impending Supreme Court ruling. He highlights the controversial use of the International Emergency Economic Powers Act and discusses its unprecedented legal standing. The conversation also explores historical tariff laws, including the Smoot-Hawley Act and Section 232, emphasizing their implications for national security. Magnus sheds light on why Congress remains an avoided route for tariff implementation due to political backlash.

Raphael Nam, NPR's Senior Business editor and devoted World Cup enthusiast, shares insights on the upcoming 2026 tournament. He highlights its potential to be the priciest ever and the challenges fans face with ticketing. Discussions reveal FIFA's dynamic pricing strategies, leading to a sense of urgency among fans. Raphael explains how the new ticketing system, coupled with hospitality packages, creates exclusivity yet raises costs. Despite hefty prices, he shares why he opted for high-priced hospitality seats, blending personal passion with practical choices.

France's pension system faces turmoil amid aging populations and political instability. The podcast explores the contrast between generous pension payments and low national retirement savings. Macron's reform attempts spark protests while resistance to tax increases complicates solutions. Experts propose a sustainable retirement model, suggesting mandatory savings and automatic age adjustments. The discussion highlights global implications, urging countries to rethink their retirement systems as demographic pressures mount.