Indy Politics speaks with Ball State economist Michael Hicks, on the economic impact of the recent government shutdown, predicting a significant drop in job reports, with 100,000-150,000 fewer private jobs and 100,000-250,000 fewer public jobs.
He also highlighted the ripple effects on critical government services, such as air traffic control, and the broader economic challenges, including tariffs and inflation.
Hicks emphasized the long-term effects of these policies, predicting a potential recession and stagflation. He also discussed the transformative potential of AI in automating less skilled tasks and complementing higher-skilled human roles.
The audio runs about 29 minutes.
