Get a Job — Ironic

Our main character Will Davis is searching the internet for job listings. He has just been let go from his internship because there were no available paying jobs and his time had run out. He is looking for the right fit, or really any fit that would make sense for him, but he’s realizing that he lacks the skills for many of the job postings he’s finding online. His friends joke that the skills he’s good at can’t get him paid.

Clip submitted by Kate Lecea

Lil’ Dicky — Professional Rapper

In this video, Lil’ Dicky interviews with Snoop Dogg for a position as a professional rapper. There’s one section early in the song that looks at the concept of opportunity costs. Lil’ Dicky (David Burd) was a college graduate from University of Richmond, but decided to become a rapper instead. During the “interview” with Snoop, he mentions that he actually had a lot to lose by becoming a rapper compared to other rappers who became rappers because they had nothing else to do. Another interesting application of the video could be in teaching unemployment and focusing on skills necessary for particular jobs. Lil Dicky needs to apply for a job with Snoop because other people haven’t appreciated his rap skills.

LYRICS (emphasis added)
So real shit you ain’t never had to struggle for much
I wouldn’t say it like that, we just had a different kind of trap
Elaborate
Well I ain’t never had a tool, but I had to be the man at school
Like I was doing shit I had to do so when I finished undergrad
I’m cool and I can get whatever job I wanted
But the job you wanted wasn’t all that bumping
Yeah, and I saw it quick all the flaws that be coming when you grow up like that
Know you been racing them rats, you ain’t been making them raps
Boo hoo what a hardship
How you paid to get the rap shit started?
Man, my Bar Mitzvah money
But don’t diss me buddy, I wasn’t one of them younguns up on the block who had nothing to lose
I must’ve wanted this a lot, I had something to choose

Check out the snippet of the entire song on this tweet:

CBS TV — Kennedy on the Labor Market & Unemployment

In a 1963 Labor Day interview with Walter Cronkite, President Kennedy discusses his position on handling the labor market of the United States with around 4 million unemployed (about 5.5% at the time). Kennedy notes that the growing labor force in the United States requires that if the US wants to “stand still,” they still need to move very fast. Kennedy’s main policy focus at the time was retraining workers who had been displaced by technology and making sure that significant amount of workers have the necessary education to handle the growing workforce.

Kennedy also speaks to the lost jobs in “hardcore unemployed” industries like coal and steel and how it’s important to make sure those workers are retrained because those workers are no longer needed. He then laments that there’s a different issue with older workers replaced by technology and younger workers who don’t have the education to handle that technology. Kennedy ends this portion of the interview with a very powerful quote about the fear of automation:

Too many people coming into the labor market, too many machines are throwing people out.

You can view the entire interview, courtesy of the Kennedy Presidential Library, on YouTube.

Alexandria Ocasio-Cortez — Two Jobs Gaffe

 

In an interview segment discussing the economy, primarily the unemployment rate, Ocasio-Cortez dismissed claims that the economy is strong because of a historically low unemployment rate because “unemployment is low because everyone has two jobs. Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their family.”

The issue with this claim is, namely, that the unemployment rate does not distinguish between the number of hours that people are working, nor the number of jobs they hold. While there are a narrow set of rules to be considered unemployed, only about 5% of Americans currently hold multiple jobs:

While politicians routinely make mistakes regarding the economy (1, 2), this gaffe is particularly note-worthy because Ocasio-Cortez holds a bachelors degree in economics from Boston University.

Billy Paul — Let the Dollar Circulate

I reached out to #EconTwitter and asked what songs they like to use to teach different topics in their classes and the results did not disappoint:

Since I’m not a macroeconomist, I have very little content on the macro side from tv and movies, but apparently music covers a lot of macro topics. The first suggestion was this 1975 Billy Paul song, Let the Dollar Circulate which begs for money to start flowing through the economy and wonders why things have slowed down (Is it all because of Watergate?). Paul notes that “Things are gettin’ higher, makes it hard on the buyers”  (inflation is happening) and “Unemployment on the rise.” The song was released at the end of the 1973-1975 recession. I was curious what unemployment and inflation looked like in the 1970s leading up to the recession, so I went and put together a FRED chart for you:

Thanks to Leo for the song suggestion!

Brooklyn 99 — The Danger of Email

 

Jake and Charles are sent to the US Postal Inspection Services to get help with a case they are working on that involves a mail key. There they meet Agent Jack Danger who identifies the key as being part of a set of old post boxes that are no longer in service. Jake and Charles want the list of people who were responsible for collecting they key and recommend that Agent Danger emails them the list. This clearly upsets Agent Danger since many of his friends were laid off because of the introduction of email.

KRON 4 — Online News in 1981

A look back at a 1981 news segment that covers the Internet and the eventual push to online media. At the time, 8 newspapers were currently part of the network delivering their daily news via this system. The “paper” included all text, but not images or classifieds. Near the end of the segment, they predict that nearly all news will be delivered electronically, but that the time would be a few years away. The segment closes with a look at a newspaper salesman who would potentially become structurally unemployed when the need for physical papers vanishes.

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