It has been a busy week in the Economy and at Decode Econ.
Here are some of our posts that you might have missed this week; today is a great day to catch up on Decode Econ.
The Podcast- the conversation on AI in education and its impact on learning with Dr. Shishir Shakya has sparked some discussions in the comments, and I have heard from several of you. It was an insightful conversation, and it was encouraging to hear how some educators are welcoming this technological change.
How the K Economy Gets Worse- In this post, I connect the dots between the widening gap in the K economy and firms shifting their focus away from the low-profit customer. In today’s economy, firms can be profitable by solely focusing on wealthy consumers. While this makes good business sense, it ignores the social cost of removing a stepping stone to asset accumulation. We see it in housing, cars, and the airline industry; firms are eliminating the low-profit products.
How the K Economy Gets Worse
One challenge facing the U.S. economy is the widening divide in the K-economy. As wealth and income gaps continue to grow, firms must decide which side of the economy to focus on. Economically, it makes sense to focus on the consumer segment that can afford your product and is willing to pay a premium.
Canadian Trade Shifts Away From The U.S., As Economists Predicted
This is a graph I want you to study!
The Jobs Report Breakdown
The jobs report was surprisingly positive, but it also raised questions and fears about the drastic revision numbers. Economist Claudia Sahm shared on Twitter (or X) some of her thoughts on how to think about the revisions. In this video, I cover the jobs report and highlight the discussion around the revisions. Watch the video to learn more.
We Want to Hear From You
We are working on our podcast episode about questions from our audience. We would love to hear your questions and incorporate them into our show. Drop a question in the comments.
Technically i missed nothing since im subscribed here.