In the latest episode of"," Williams joined hosts Nick Hanauer and David Goldstein to discuss three major themes he uncovered that he believes might inform America's post-pandemic recovery.
Once the crisis has passed, it might seem obvious that Americans will frivolously spend all that money they've saved, triggering a wild economic boom. But that's not been the case in the past. that found American"consumers spent about 20% of their excess savings between 1946 and 1949" immediately following World War II. They were spending, Williams explains, but"they absolutely weren't just going out and blowing it all on one massive night out or big holiday.
But despite the historical precedent,"there is as yet little hard evidence of a surge in automation because of COVID-19," Williams continued. He says that even in Australia, which has essentially been living in a post-pandemic era for months,"there's no evidence" that automation has sped up.
PitchforkEcon And I recommend listening to the referenced podcast. Instructive