labor shortages

Net migration to the UK hit a record high in 2022 – 745,000 more people arrived in the country than emigrated. After 13 years of promising to cut immigration, the government introduced yet another plan this week to reduce numbers. We look at what it would mean for the economy.

This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: thetimes.co.uk/storiesofourtimes.

Guest: David Smith, Economics Editor, The Sunday Times.

Host: Luke Jones.

Email us: storiesofourtimes@thetimes.co.uk

Clips: Sky News.

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK GDP finally exceeds pre pandemic levels for the first time

(2) The BOE Governor laments slowly cooling inflation and labor hording.

(3) The Fed prepares for a pause, but have rates also peaked?

(4) Trump argues he had the right to take classified documents. 

See omnystudio.com/listener for privacy information.

As the Title 42 immigration policy ends at the border, a new immigration law that aims to crackdown on employers who hire undocumented workers has been signed in Florida. We get into the economic implications of Gov. Ron DeSantis’ new immigration policy. Then, we haven’t hit the debt-ceiling deadline … yet. But we’re already feeling the pain. Plus, a round of Half-Full/Half-Empty, full of appreciation for mothers.

Here’s everything we talked about today:

• • “South Florida workers already feeling heat of immigration bill” from CBS

• • “Here’s how Gov. DeSantis’ new immigration policy could impact Florida economy” from ClickOrlando

• • “Italian pasta prices are soaring. Rome is in crisis talks with producers” from CNN

• • “Consequences of the Debt-Ceiling Standoff Are Already Here” from Bloomberg

• • “Debt limit debate, which puts the nation’s credit and trust on the line, endangers already fragile U.S. economic outlook” from NBC

• • “You Can Finally Try Starbucks’ New Olive Oil Coffee in the US—But Why Would You?” from Bon Appétit

• • “Elon Musk has found his replacement as CEO of Twitter” from The Verge

• • “Behind the mission to preserve Black Twitter” from The 19th

• • “3 things you should know about the end of the Covid public health emergency” from Vox

• • “Wendy’s Installing Drive-Thru AI Chatbot That Takes Your Order” from Futurism

• • “Chocolate is a sweet tradition for Mother’s Day” from Marketplace

• • “Customers are being asked to tip even at self check-out” from Insider

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Tomorrow the chancellor Jeremy Hunt will stand up in the House of Commons to deliver his first full budget. With the UK economy at its most stagnant point in two years, is there anything Hunt can do to ease the pain?

This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: thetimes.co.uk/storiesofourtimes.

Guest: Mehreen Khan, Economics Editor, The Times.

Host: Jenny Kleeman. 

Clips: Sky News, Bloomberg, ITV, Telegraph, BBC, Al Jazeera, CBS, NBC, Parliament TV.

Hosted on Acast. See acast.com/privacy for more information.

It's been pointed out that, after the Black Death in Europe, real wages surged because there was such a shortage of labor in the aftermath. But what was the structure of the economy that allowed this transfer of power to workers in the first place? On this episode, we speak with Patrick Wyman, historian and the host of the Tides of History podcast, to get the real story of Europe's post-pandemic economy during the 1300s.

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