Kurt spoke with WalletHub about the U.S. economy, artificial intelligence, gig work and the chances of Congress raising the minimum wage.
With Labor Day approaching, Mark Kurt, associate dean of the Martha and Spencer Love School of Business, recently spoke with WalletHub about the state of the U.S. workforce and economy.
“By historical standards, the U.S. labor market is still performing well. Unemployment remains low, labor force participation has rebounded post-pandemic, and real wages for many lower-wage workers have improved after years of stagnation,” said Kurt. “Yet beneath these headline numbers, several emerging threats are creating uncertainty for working people.”
“High interest rates and shifting trade policies are slowing business investment, particularly in construction and other interest-sensitive industries. Firms facing uncertainty about tariffs and costs are delaying expansion and hiring, which often translates into fewer opportunities for younger and less experienced workers.”
Read more of Kurt’s thoughts about AI’s impact on the workforce, the gig economy and raising the minimum wage on WalletHub.