cover of episode Why so miserable?

Why so miserable?

2024/6/25
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Marketplace

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Despite strong economic data, many Americans feel economic pain due to factors like salience bias, loss aversion, and reference dependence, which skew perceptions against the positive economic indicators.

Shownotes Transcript

Data shows that the U.S. has a strong, thriving economy. Layoffs are at a multidecade low and wages have risen faster than prices. Despite all that and more, many Americans are feeling economic pain. What gives? Also in this episode, third-generation tuna fishermen rethink their livelihood as waters warm. We’ll also explain why most countries buy oil in U.S. dollars and whether the federal minimum wage matters anymore.