What Do Economic Stats Really Tell Us? | The Agenda

You've probably heard economics referred to as "the dismal science." It's also widely said that you can make ,the numbers, say whatever you want. Still, in policy, in elections, in everyday life, what ,the numbers, say has consequences. Whether it's GDP or employment rates or inflation, economists weigh in, policymakers act and the rest of us wonder what's what.
To help us understand what stats really mean, we welcome:
Armine Yalnizyan, economist and Atkinson Fellow On The Future Of Workers (www.thestar.com/authors.yalni...) / armineyalnizyan
Trevin Stratton, national leader and partner, Economic Advisory, Deloitte Canada (www2.deloitte.com/ca/en/profi...) / trevinstratton
Benjamin Tal, managing director and deputy chief economist, CIBC (www.cibc.com/en/about-cibc/me...) / cibccm
Kaylie Tiessen, economist, Unifor ( / kaylie-tiessen ) / kaylietiessen
Produced for The Agenda by Meredith Martin / meredithmartin
00:00 Intro
00:30 Guests
01:21 Wages graph
03:07 What so the graohs mean?
5:22 Economic rade secrets
8:15 Wage price spiral?
10:14 Kaylie Tiessen explains the dip
12:18 Where are the workers?
14:27 Are wages stagnant, or not?
18:02 People are moving to new industries
19:12 Productivity chart
20:10 Wages relationship to productivity
22:12 Benjamin Tal on how productivity is calculated
24:26 Armine Yalnizyan on productivity
31:42 600k new jobs
32:33 Skills gap?
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The Agenda with Steve Paikin is TVO Today's flagship current affairs program, devoted to exploring the social, political, cultural and economic issues that are changing our world. We consistently offer a diversity of viewpoints and in-depth analysis of what lies behind the headlines. See more about The Agenda with Steve Paikin at www.tvo.org/theagenda