Aug 3, 2017

08/03/2017: How come we’re not getting raises?

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Economists say the unemployment rate will drop even further in the July jobs report, but even with that good news, the typical paycheck doesn't seem to be going anywhere. Marketplace contributor Chris Farrell stopped by to talk with us about the economy's issue with compensation. Afterwards, we'll look at how Kraft-Heinz is being affected by the ongoing Amazon–Walmart price war, and then discuss Mattel's plans to spend big bucks on online advertising.

Segments From this episode

Kraft's profits may be a victim of price wars

by Nancy Marshall-Genzer

Aug 3, 2017

Kraft-Heinz will release second quarter earnings after the markets close on Thursday. Those profits may be squeezed by an ongoing price war between Amazon and Walmart. Suppliers like Kraft have found themselves caught in the crossfire as the two giant retailers pressure them for lower prices. Click the audio player above to hear the full […]

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Goodbye cable, hello YouTube: As kids move online, so do Mattel’s ad dollars

by Aaron Schrank

Aug 3, 2017

Toymaker Mattel wants to get kids’ attention, and it’s going online to do it. The company announced this week it will spend at least $10 million on advertising this year on Google’s YouTube Kids platform. It’s the company’s biggest ad buy online to date. Click the audio player above to hear the full story. Stories […]

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Trump backs immigration plan favoring skills over family ties

by Annie Baxter

Aug 3, 2017

President Donald Trump is getting behind a legislative proposal that would dramatically scale back legal immigration to the U.S. According to projection models cited by the bill’s sponsors, Republican Sens. David Perdue of Georgia and Tom Cotton of Arkansas, immigration would be slashed 41 percent in the first year. The plan would prioritize merit and […]

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Mid-day Update

08/03/2017: The labor market is traveling back in time

by David Brancaccio

Aug 3, 2017

Sure, the U.S. economy is creating jobs, but wages have stagnated. Is the job market feeling a little familiar these days? It might, if you lived through the '90s. Diane Swonk from DS Economics shares some parallels between our current labor market, and how it was doing a couple of decades ago. Afterwards, we'll look at Trump's support of a new proposal that would dramatically scale back immigration, and then talk about a shortage in trial lawyers.

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Economists say the unemployment rate will drop even further in the July jobs report, but even with that good news, the typical paycheck doesn’t seem to be going anywhere. Marketplace contributor Chris Farrell stopped by to talk with us about the economy’s issue with compensation. Afterwards, we’ll look at how Kraft-Heinz is being affected by the ongoing Amazon–Walmart price war, and then discuss Mattel’s plans to spend big bucks on online advertising.