Untangling the Economy

Data released in 2022 about the previous year’s economy is giving a clearer picture of what the Covid-era has meant for workers and businesses. Hourly wages increased but not enough for the average worker to keep up with the spike in inflation. And even though workers are not earning enough on average, some economists continue to argue that higher wages will further drive inflation, putting more blame on workers than the overall financial system.

We break down what’s truly driving inflation and how to make the economy work best for lower-wage employees with Anne Price, President of the Insight Center for Community Economic Development and Heather McGhee, author of “The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together.''