A Masterclass in Connecting Status, Power, & the Economy with Tressie McMillan Cottom
The Money with Katie Show
00:00
Economic Sentiment vs. Indicators
- Traditional economic indicators like GDP growth and low unemployment suggested things were good at the end of 2023.
- Despite this, economic sentiment was poor because people were working more to earn more.
- Industries supporting invisible labor cost more and became less accessible.
- This led to increased friction in daily lives, with customer service worsening as an example.
- Calling the situation 'inflation' simplifies a broader set of factors creating economic precarity.
- Language shapes people's understanding, making the prevailing story crucial.
Play episode from 10:29
Transcript
