Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
It’s a perennial story. The demise of mom-and-pop stores, the shuttering of small businesses across the country, the undercutting of local sellers by massive corporations — in short, the retail apocalypse. But economist Michael Mandel has looked at the data and finds a much different story. Not only is the economy adding more jobs than it’s shedding thanks to the massive online retailers allegedly wreaking havoc across the United States, these new jobs actually pay more as well.
His work cuts against the conventional wisdom, and he joined the show to explain his case. We also discuss America’s productivity problem, whether the official stats are mismeasuring it, and how we think we’ll look back on the economy 25 years from now.
Michael Mandel is the chief economic strategist at the Progressive Policy Institute.
Subscribe to Political Economy with James Pethokoukis in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.