economics

Economy

Do immigrants really take jobs and lower wages?

8:13pm June 28, 2024

We wade into the heated debate over immigrants' impact on the labor market. When the number of workers in a city increases, does that take away jobs from the people who already live and work there? Does a surge of immigration hurt their wages?

The debate within the field of economics often centers on Nobel-prize winner David Card's ground-breaking paper, "The Impact of the Mariel Boatlift on the Miami Labor Market." Today on the show: the fight over that paper, and what it tells us about the debate over immigration.

More Listening:
- When The Boats Arrive
- The Men on the Roof

This episode was hosted by Amanda Aronczyk and Jeff Guo. It was produced by Willa Rubin, edited by Annie Brown, and engineered by Valentina Rodríguez Sánchez. Fact-checking by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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The 2023 Nobel Prize in Economics was awarded to Harvard University economist Claudia Goldin. The committee cited her research on generations of women in the labor market.

Economy

Economics Nobel Prize goes to Claudia Goldin, an expert on women at work

7:48am October 09, 2023

by Scott Horsley

Harvard University's Claudia Goldin has won the 2023 Nobel Prize in Economics for her research on women in the labor market. She studies the causes of the persistent pay gap between men and women.

Business

Krispy Kreme scraps Winston-Salem expansion plans, lays off Concord employees

4:15pm March 17, 2023

by April Laissle

Krispy Kreme is closing a Concord manufacturing facility and scrapping plans to expand operations in Winston-Salem.

Residents of southwest Pakistan move through floodwaters in September 2022. People with less wealth are more vulnerable to the effects of climate change, including more severe rainstorms.

Environment

Why the EPA puts a higher value on rich lives lost to climate change

10:40am February 08, 2023

by Rebecca Hersher

There is one number that the Environmental Protection Agency relies on to decide which climate policies to pursue. So why does that number assume the lives of richer people are worth more?

An illustration of the Ticketmaster website from 2022. The ticketing giant has come under renewed scrutiny from music fans and lawmakers in recent months.

Beyoncé tour sales are off to a smoother start. What does that mean for Ticketmaster?

5:51pm February 07, 2023

by Rachel Treisman

Ticketmaster seems to be feeling pressure and making changes as Beyoncé tickets go on sale. While things appear to be running more smoothly so far, an economist says there's still cause for concern.

Nemat Shafik, pictured at a Eurogroup meeting at the EU Council in Brussels on May 16, 2011, will be the first woman to serve as president of Columbia University.

Nemat Shafik is named the first woman to be president at Columbia University

3:30pm January 18, 2023

by Kaitlyn Radde

Shafik, who was born in Egypt and grew up in the United States, has extensive experience across global financial institutions and higher education.

What's the secret sauce that lets some poor countries prosper?

4:01pm December 05, 2022

by Joanne Lu

In his new book, Gambling on Development, economist Stefan Dercon argues that the key to a low-resource country's success is not what you might think.

Federal Reserve Chair Jerome Powell maintains the central bank has the tools it needs to bring high inflation under control.

Economy

Another big Fed rate hike is here to battle inflation. Economy hangs in balance

4:59pm July 27, 2022

by David Gura

U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It's at a size and pace we haven't seen since the 1980s.

Economy

Record-breaking gas prices in North Carolina will continue to rise, expert says

3:41pm March 10, 2022

by April Laissle

A gallon of regular unleaded gasoline in North Carolina cost $4.18 on Thursday – the highest average price on record, according to AAA.

Sen. Kamala Harris, D-Calif., addresses the media on Jan. 21, 2019, at Howard University in Washington, D.C., after announcing earlier in the day that she is seeking to become the first African American woman to hold the office of U.S. president.

Where Kamala Harris Studied Economics

2:18pm October 06, 2020

by Greg Rosalsky

Kamala Harris has called her time at Howard University "one of the most important aspects of my life." Much of that time was spent studying economics.