Ben Casselman is the economics & business correspondent at The New York Times.
The passage of the stimulus package last week ushered in an expansion of the social safety net that Democrats have celebrated. But one key policy was not included: a doubling of the federal minimum wage to $15 an hour. Today, we look at the history of that demand, and the shifting political and economic arguments for and against it.
There are several figures that tell the story of the American economy right now.Some are surprisingly positive — the housing market is booming — while others paint a more dire picture.Using seven key numbers, we look at the sectors that have been affected most profoundly and consider what the path to recovery might look like.Guest: Ben Casselman, who covers economics and business for The New York Times, walks us through the pandemic’s impact.We want to hear from you. Fill out our survey about The Daily and other shows at: nytimes.com/thedailysurveyFor more information on today’s episode, visit nytimes.com/thedaily Background reading: Here is Ben’s snapshot of the key data points for understanding the impact of the pandemic on the economy.The expiration of two critical programs at the end of this year could leave millions of Americans vulnerable and short-circuit the nation’s precarious recovery.
Three months after mass layoffs began across America, 20 million Americans remain out of work because of the pandemic. Federal employment benefits are about to run out, and Congress can’t agree on more financial help. We called people struggling with unemployment to hear how they are doing. Guest: Julie Creswell, Sabrina Tavernise and Ben Casselman, reporters at The New York Times, spoke with Nicolle Nordman, Analía Rodríguez and Nakitta Long about being laid off. For more information on today’s episode, visit nytimes.com/thedaily Background reading: Some people have started to return to work, but the recovery is uneven. More than a million new jobless claims continue to be filed each week, and certain industries are far outpacing others in the rebound from the mass job losses in April.The unemployment rate isn’t the whole story when it comes to understanding the economic impact of the pandemic.
As the American economy plunges toward a recession, economists and policymakers are triaging proposals to stanch the bleeding. All of their ideas will cost money the government doesn’t have. That leaves Democrats and Republicans with two major questions: How much should be borrowed for bailouts — and what spending is needed to avoid permanent economic damage?  Guest: Ben Casselman, an economics reporter at The New York Times.For more information on today’s episode, visit nytimes.com/thedaily Background reading: Jerome H. Powell, the Federal Reserve chair, has urged Congress to spend more on economic relief — even if doing so means increasing the federal deficit. He warned that the United States was experiencing an economic hit “without modern precedent.”
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Creator Details

Location
New York, New York, United States of America
Episode Count
5
Podcast Count
2
Total Airtime
2 hours, 16 minutes
PCID
Podchaser Creator ID logo 806341