Planet Money: Quit Threat

Planet Money: Quit Threat

Author: Professor Daniel Ludwinski November 12, 2025 Duration: 22:37
From Planet Money:
On today's show, we ask: What does full employment really look like?

NPR sent reporters across the country, including to Ames, Iowa, the city with the lowest unemployment rate, to find out.

The unemployment rate is just 3.6% in the U.S., a 50-year low. People think we are at, or near, full employment. That's the lowest the unemployment rate can go without triggering inflation. And when the labor market is that tight, power shifts from employers to workers. When unemployment is low, workers can threaten to quit and their bosses have to take that threat seriously. That's what leads to raises.

Professor Daniel Ludwinski guides his students through the real-world echoes of economic theory with Oxford College Principles of Microeconomics Course. Rather than a standard lecture series, this audio collection pulls from a wide spectrum of existing conversations and analyses, all curated to illuminate the principles discussed in class. You'll hear how foundational concepts like supply, demand, and market structures play out in current events, policy debates, and everyday life. The selected episodes serve as a bridge, connecting textbook models to the nuanced discussions happening in the broader world. This podcast is designed specifically for learners, offering a complementary audio syllabus that deepens understanding by placing economics in context. Tuning in provides a richer, more applied perspective on the course material, hearing expert voices explore the economic forces shaping our communities and choices. Each chosen episode acts as a case study, prompting listeners to think critically about the incentives and trade-offs that define our interconnected systems.
Author: Language: en-us Episodes: 14

Oxford College Principles of Microeconomics Course
Podcast Episodes
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