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When high inflation meets high job rates
When High Inflation Meets High Job Rates | GZERO World
August 11, 2022
We live in odd economic times.
Polls show Americans now feeling so glum about the economy, yet okay about their individual finances?
Why? It's the unemployment, stupid, economist and University of Chicago professor Austan Goolsbee tells Ian Bremmer on GZERO World.
Although real incomes have dropped due to high inflation, most Americans still have jobs, and many didn't take a big hit in their bank accounts — in part because the American Rescue Plan netted households an average of a $3,500 in tax cuts.
Watch the GZERO World episode: Explaining inflation & what's next for the US economy
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