Planet Money Planet Money Live: Two Truths and a Lie
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Jun 28, 2023 The podcast dives into the economic lessons learned during the pandemic, including the bullwhip effect and its impact on supply chains. A live gameshow format engages the audience with insights into workforce dynamics, productivity, and evolving gender disparities. It highlights how women faced increased non-promotable tasks and discusses wage negotiations in an inflationary environment. Additionally, it explores the challenges economists face with granular data and the need for localized studies to better understand economic conditions.
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Bullwhip Effect in the Pandemic
- The bullwhip effect, where supply chain volatility increases further from the customer, played out during the pandemic.
- Companies overreacted to shortages, causing massive supply chain shifts, confirming the theory.
Game Show: Remote Work & Gender
- During the live show game, contestant Camden correctly identified the lie about remote work leading to equal division of office work.
- She pointed out that women still handle more administrative tasks.
Remote Work Exacerbates Inequality
- Lise Westerlund's research showed women disproportionately handle non-promotable tasks, spending a month yearly on them.
- Remote work worsened this, with women taking on new "crappy tasks" like converting PDFs due to less manager oversight.