Subscribe: Apple Podcasts | PocketCasts | Overcast | Stitcher | RSS

Mike & Jay open the present with a dialogue of the fifth Circuit overturning a federal district courtroom choose and permitting Texas’ abortion legislation to stay in impact. Neither Mike nor Jay imagine the legislation is constitutional based on present precedents, however Texas’ intelligent crafting of the legislation has made it tougher for federal courts to enjoin it. Jay wonders when there will probably be a excessive profile case with a non-state defendant, which might circumvent the “you’ll be able to’t sue Texas as a result of Texas isn’t instantly implementing the legislation” argument. Mike factors out that even when the legislation is ultimately overturned it can have achieved partially what many pro-life advocates hoped for — making it way more troublesome for ladies to terminate their pregnancies, a minimum of for a time.

Subsequent is a have a look at a bunch of financial information on jobs, job switching, unemployment, and inflation. Mike sees the financial information as blended, however believes that present inflationary pressures are short-term and that it’s an excellent factor that employees have higher leverage to demand increased pay. Jay is much less optimistic about inflation particularly, and is extra keen than Mike to attribute a lot of what we’re seeing to overly-generous authorities help. Mike admits that Jay will nearly definitely find yourself proper in his 2021 yr finish inflation prediction (Jay predicted round 5%, Mike thought it could be nearer to the two% vary), however Mike then decides to make much more predictions – that the CPI will probably be beneath 4% by mid April of 2022 and beneath 3% by July of 2022. Jay thinks each numbers will probably be increased than that.

Lastly, they think about the minimal wage in mild of this yr’s Nobel Prize in Economics going to economist David Card, who’s most well-known for his work on the minimal wage. Mike factors to a substantial physique of analysis suggesting that the standard knowledge viewing minimal wage hikes are “job killers” is, if not solely incorrect, a minimum of considerably overstated. Jay isn’t as satisfied, and whereas he agrees that there most likely ought to be a wage flooring, the federal minimal wage shouldn’t be raised. 

Mike Suggestion
The Chair (Netflix)

Jay’s Suggestion
Jay’s amicus temporary to the Ohio Supreme Court docket on unemployment insurance coverage advantages. (Solely 12 pages – completely value trying out to witness Jay doing his “actual job” factor.)

The Politics Guys on Fb | Twitter

Listener help helps make The Politics Guys doable. In the event you’re interested by supporting the podcast, go to patreon.com/politicsguys or politicsguys.com/help. On Venmo, we’re @PoliticsGuys 

Powered by RedCircle