What Deportation Means for the Economy & Mattel's 'Wicked' Mistake on Toy Packaging
Morning Brew Daily
Key Insights
Why are economists concerned about Trump's mass deportation plan?
Economists warn that mass deportation could cause labor shortages, higher consumer prices, and slower economic growth, particularly in sectors like construction, agriculture, and caregiving where many undocumented immigrants work.
What was Mattel's 'Wicked' mistake on the toy packaging?
Mattel mistakenly printed a link to a porn site instead of the movie's official website on the packaging for some 'Wicked' dolls.
How has ChatGPT impacted Chegg's business?
Chegg has lost half a million paid subscribers as students turn to free AI tools like ChatGPT for help with their studies, leading to a 99% drop in its stock value.
What is the theme of this year's UN Climate Summit (COP29)?
The theme of COP29 is finance, focusing on estimating the funding needed to fight climate change and determining who pays and how much.
Why did Bitcoin see a significant increase in value post-election?
Bitcoin and the crypto market jumped about 25% in the week since Election Day, possibly due to post-election euphoria and increased institutional interest.
What is the 'Night Riding Army' trend in China?
Young people in China are biking overnight to cities famous for their food, like Kaifeng for soup dumplings, creating a viral trend called 'Night Riding Army'.
What are the moral implications of the escaped macaques in South Carolina?
If the macaques integrate into the wild environment, they could have a claim to freedom under the law, raising questions about their status as wild animals versus property.
Chapters
- 14% of construction workers in the U.S. are undocumented.
- Mass deportation could reduce GDP by 2.6% to 6.2%, amounting to $711 billion to $1.7 trillion.
- Industries like construction, agriculture, and caregiving would be most affected.
Shownotes Transcript
