As Americans continue to worry about inflation, Professor Betsey Stevenson appeared on NPR and in The New York Times this week.
Gen Z is feeling the impacts of high inflation extra hard, NPR, October 1, 2022
"Inflation has been pretty darn stable for your whole life and even some of your parents' life. And then all of a sudden, we hit 2021, and it's like, what's happening? They should count themselves lucky for being on the younger end rather than someone watching their life savings get eroded by inflation as we talk. What we see right now in the current economy is that people who are changing jobs are getting the biggest wage increases. So look around and look for maybe another job out there that's willing to pay you more or use that outside offer to negotiate with your current boss."
There Is a Tax That Could Help With Inflation, The New York Times, October 1, 2022
“We’re not trying to produce less,” Betsey Stevenson, an economist at the University of Michigan, told me. “That’s not what we want. The problem is it’s very hard to hit the demand side without hitting companies hard enough that they cut back or go out of business.”