What economic issues matter to voters and how might these issues affect the 2024 election?
The latest episode of the Business & Society podcast, a joint production of the University of Michigan's Ross School of Business and Michigan News, explores those issues based on findings from the Ross Financial Times poll.
Business professors Brian Connolly, Jerry Davis and Erik Gordon discuss housing, inflation, the role of partisanship in processing information and the new tools and algorithms being used to raise prices.
Perceived vs. real inflation
"The numbers maybe do not capture the experience as lived by people," Gordon said. "So, if you say to people, 'Look, inflation numbers are down,' people say, 'Your number says what it says, but price increases are our number one issue.'
"(President Biden)'s got numbers on his side and keeps saying over and over again, 'Listen up everybody, the numbers are good.' And after hearing that month after month, people finally came to the conclusion of, 'You're just completely disconnected from us."
