Talmon Smith's guest appearances

Talmon Smith

Macro Musings with David Beckworth

The Long View

Bring It In | The Future of Work, Jobs, and Education

OwlTail

Our guest on the podcast today is New York Times economics reporter Talmon Smith. Before joining the Business desk, he was a staff editor for the Times Opinion section covering public policy, economics, and culture. He began his career as a researcher and visiting scholar at NYU’s Journalism Institute and was assistant to the editor in chief at GQ magazine. He graduated from Tufts University with a major in history.BackgroundBioTwitter handle: @talmonsmithEconomy, Inflation, and the Great Wealth Transfer“ ‘I’m in Hot Demand, Baby’: Nebraska Thrives (and Copes) With Low Unemployment,” By Talmon Joseph Smith, nytimes.com, April 1, 2022.“Job Openings Rose in April, Defying Cooling Trend,” by Talmon Joseph Smith, nytimes.com, May 31, 2023.“Companies Push Prices Higher, Protecting Profits but Adding to Inflation,” by Talmon Joseph Smith and Joe Rennison, nytimes.com, May 30, 2023.“Wages May Not Be Inflation’s Cause, but They’re the Focus of the Cure,” by Talmon Joseph Smith, seattletimes.com, April 7, 2023.“Even a Soft Landing for the Economy Might Be Uneven,” by Talmon Joseph Smith, buffalonews.com, Jan. 8, 2023.“As the Fed Raises Rates, Worries Grow About Corporate Bonds,” by Talmon Joseph Smith, nytimes.com, Nov. 11, 2022.“What Will Happen to Black Workers’ Gains if There’s a Recession?” by Talmon Joseph Smith, nytimes.com, Aug. 24, 2022.“Hiring Remains Strong Even as Fed Tries to Cool Economy,” by Talmon Joseph Smith, Lydia DePillis, and Jeanna Smialek, nytimes.com, June 3, 2022.“The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners,” by Talmon Joseph Smith, nytimes.com, May 14, 2023.

Our guest on the podcast today is New York Times economics reporter Talmon Smith. Before joining the Business desk, he was a staff editor for the Times Opinion section covering public policy, economics, and culture. He began his career as a researcher and visiting scholar at NYU’s Journalism Institute and was assistant to the editor in chief at GQ magazine. He graduated from Tufts University with a major in history.Background<a href="https://www.huffpost.com/author/talmon-smith-838" rel="nofollow" target="_blank">Bio</a>Twitter handle: <a href="https://twitter.com/talmonsmith?lang=en" rel="nofollow" target="_blank">@talmonsmith</a>Economy, Inflation, and the Great Wealth Transfer“ ‘<a href="https://www.nytimes.com/2022/04/01/business/economy/nebraska-economy-unemployment-labor.html" rel="nofollow" target="_blank">I’m in Hot Demand, Baby’: Nebraska Thrives (and Copes) With Low Unemployment</a>,” By Talmon Joseph Smith, <a href="http://nytimes.com/" rel="nofollow" target="_blank">nytimes.com</a>, April 1, 2022.“<a href="https://www.nytimes.com/2023/05/31/business/economy/jobs-layoffs-openings-jolts.html" rel="nofollow" target="_blank">Job Openings Rose in April, Defying Cooling Trend</a>,” by Talmon Joseph Smith, <a href="http://nytimes.com/" rel="nofollow" target="_blank">nytimes.com</a>, May 31, 2023.“<a href="https://www.nytimes.com/2023/05/30/business/economy/inflation-companies-profits-higher-prices.html" rel="nofollow" target="_blank">Companies Push Prices Higher, Protecting Profits but Adding to Inflation</a>,” by Talmon Joseph Smith and Joe Rennison, <a href="http://nytimes.com/" rel="nofollow" target="_blank">nytimes.com</a>, May 30, 2023.“<a href="https://www.seattletimes.com/business/wages-may-not-be-inflations-cause-but-theyre-the-focus-of-the-cure/" rel="nofollow" target="_blank">Wages May Not Be Inflation’s Cause, but They’re the Focus of the Cure</a>,” by Talmon Joseph Smith, <a href="http://seattletimes.com/" rel="nofollow" target="_blank">seattletimes.com</a>, April 7, 2023.“<a href="https://buffalonews.com/even-a-soft-landing-for-the-economy-might-be-uneven/article_7d71c036-fb47-581f-bc5e-d1c51b22be5f.html" rel="nofollow" target="_blank">Even a Soft Landing for the Economy Might Be Uneven</a>,” by Talmon Joseph Smith, <a href="http://buffalonews.com/" rel="nofollow" target="_blank">buffalonews.com</a>, Jan. 8, 2023.“<a href="https://www.nytimes.com/2022/11/10/business/economy/corporate-bonds-fed-interest-rates.html" rel="nofollow" target="_blank">As the Fed Raises Rates, Worries Grow About Corporate Bonds</a>,” by Talmon Joseph Smith, <a href="http://nytimes.com/" rel="nofollow" target="_blank">nytimes.com</a>, Nov. 11, 2022.“<a href="https://www.nytimes.com/2022/08/24/business/economy/black-workers-recession.html" rel="nofollow" target="_blank">What Will Happen to Black Workers’ Gains if There’s a Recession?</a>” by Talmon Joseph Smith, <a href="http://nytimes.com/" rel="nofollow" target="_blank">nytimes.com</a>, Aug. 24, 2022.“<a href="https://www.nytimes.com/2022/06/03/business/economy/forecasters-expect-job-gains-to-slow-yet-remain-solid.html" rel="nofollow" target="_blank">Hiring Remains Strong Even as Fed Tries to Cool Economy</a>,” by Talmon Joseph Smith, Lydia DePillis, and Jeanna Smialek, <a href="http://nytimes.com/" rel="nofollow" target="_blank">nytimes.com</a>, June 3, 2022.“<a href="https://www.nytimes.com/2023/05/14/business/economy/wealth-generations.html" rel="nofollow" target="_blank">The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners</a>,” by Talmon Joseph Smith, <a href="http://nytimes.com/" rel="nofollow" target="_blank">nytimes.com</a>, May 14, 2023.

Talmon Smith: Assessing the Greatest Wealth Transfer in History

Navigating the restaurant industry can be tough for workers involved in it.  From constantly changing schedules, demanding, and unruly customers, even A.I. and robots beginning to disrupt the space, restaurant workers are contending with a lot these days. The last thing they need is an organization using their own wages to lobby against increases to the minimum wage, which is exactly what’s happening through the ServSafe certification. Talmon Smith is an Economic Reporter for The New York Times, a Harvard Institute of Politics National Campaign Ambassador, and a former fellow at the Center for the Study of Race and Democracy. Much of Talmon’s work focuses on labor issues regarding wages, corruption, and racial politics. Alongside previous guest David Fahrenthold, Talmon co-authored the article  “How Restaurant Workers Pay for Lobbying to Keep Their Wages Low,” that delves into how the National Restaurant Association (NRA), the largest foodservice trade association in the world, utilizes the fifteen dollar fee from required ServSafe courses to fund their own lobbying efforts. We wanted to get Talmon’s perspective on what was most surprising about putting together the article, the legal intricacies of how the NRA set up such a system, and the “benefits” of ServSafe, and if it really helps workers. In a time when restaurant workers, once lauded as essential workers, are now increasingly under pressure to do more with less, this is another episode you’re not going to want to miss.  So, with that…let’s bring it in!

Navigating the restaurant industry can be tough for workers involved in it.  From constantly changing schedules, demanding, and unruly customers, even A.I. and robots beginning to disrupt the space, restaurant workers are contending with a lot these days. The last thing they need is an organization using their own wages to lobby against increases to the minimum wage, which is exactly what’s happening through the ServSafe certification. Talmon Smith is an Economic Reporter for The New York Times, a Harvard Institute of Politics National Campaign Ambassador, and a former fellow at the Center for the Study of Race and Democracy. Much of Talmon’s work focuses on labor issues regarding wages, corruption, and racial politics. Alongside previous guest David Fahrenthold, Talmon co-authored the article  “How Restaurant Workers Pay for Lobbying to Keep Their Wages Low,” that delves into how the National Restaurant Association (NRA), the largest foodservice trade association in the world, utilizes the fifteen dollar fee from required ServSafe courses to fund their own lobbying efforts. We wanted to get Talmon’s perspective on what was most surprising about putting together the article, the legal intricacies of how the NRA set up such a system, and the “benefits” of ServSafe, and if it really helps workers. In a time when restaurant workers, once lauded as essential workers, are now increasingly under pressure to do more with less, this is another episode you’re not going to want to miss.  So, with that…let’s bring it in!

#103: Talmon Smith — Economics Reporter for The New York Times, Harvard Institute of Politics National Campaign Ambassador

Talmon Smith is an economics reporter for The New York Times and joins David on Macro Musings to talk about the great inflation surge of 2021 and its implications for policy and politics. Specifically, David and Talmon discuss the potential drivers and implications of the great inflation surge that has taken place in 2021, the current and future state of supply chains, the impact of COVID-era stimulus, the state of the labor market, the political implications of the inflation surge, and much more.   Want to support the show? Visit  donate.mercatus.org/podcasts.   Transcript for the episode can be found  here.   Talmon’s Twitter: @talmonsmith Talmon’s New York Times profile: https://www.nytimes.com/by/talmon-joseph-smith   Related Links:   *One-year jump in energy prices is a big factor in inflation’s jump*  by Talmon Smith  https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news#one-year-jump-in-energy-prices-is-a-big-factor-in-inflations-jump   *Americans’ Pandemic-Era ‘Excess Savings’ Are Dwindling for Many* by Talmon Smith  https://www.nytimes.com/2021/12/07/business/pandemic-savings.html   *President Biden's job approval sinking on inflation, crime and COVID: POLL* By Brittany Shepherd  https://abcnews.go.com/Politics/president-bidens-job-approval-sinking-inflation-crime-covid/story?id=81701113   David’s Twitter: @DavidBeckworth David’s blog: http://macromarketmusings.blogspot.com/

Talmon Smith is an economics reporter for The New York Times and joins David on Macro Musings to talk about the great inflation surge of 2021 and its implications for policy and politics. Specifically, David and Talmon discuss the potential drivers and implications of the great inflation surge that has taken place in 2021, the current and future state of supply chains, the impact of COVID-era stimulus, the state of the labor market, the political implications of the inflation surge, and much more. Want to support the show? Visit <a href="https://donate.mercatus.org/podcasts/?utm_source=show_notes&amp;utm_medium=mm&amp;utm_campaign=EOY21&amp;utm_content=beckworth_dupont" rel="nofollow" target="_blank"> donate.mercatus.org/podcasts</a>. Transcript for the episode can be found <a href="https://www.mercatus.org/macro-musings/talmon-smith-great-inflation-surge-2021" rel="nofollow" target="_blank"> here.</a> Talmon’s Twitter: @talmonsmith Talmon’s New York Times profile: <a href="https://www.nytimes.com/by/talmon-joseph-smith" rel="nofollow" target="_blank">https://www.nytimes.com/by/talmon-joseph-smith</a> Related Links: *One-year jump in energy prices is a big factor in inflation’s jump*  by Talmon Smith <a href="https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news#one-year-jump-in-energy-prices-is-a-big-factor-in-inflations-jump" rel="nofollow" target="_blank"> https://www.nytimes.com/live/2021/12/10/business/inflation-cpi-stock-market-news#one-year-jump-in-energy-prices-is-a-big-factor-in-inflations-jump</a> *Americans’ Pandemic-Era ‘Excess Savings’ Are Dwindling for Many* by Talmon Smith <a href="https://www.nytimes.com/2021/12/07/business/pandemic-savings.html" rel="nofollow" target="_blank"> https://www.nytimes.com/2021/12/07/business/pandemic-savings.html</a> *President Biden's job approval sinking on inflation, crime and COVID: POLL* By Brittany Shepherd <a href="https://abcnews.go.com/Politics/president-bidens-job-approval-sinking-inflation-crime-covid/story?id=81701113" rel="nofollow" target="_blank"> https://abcnews.go.com/Politics/president-bidens-job-approval-sinking-inflation-crime-covid/story?id=81701113</a> David’s Twitter: @DavidBeckworth David’s blog: <a href="http://macromarketmusings.blogspot.com/" rel="nofollow" target="_blank">http://macromarketmusings.blogspot.com/</a>