NPR.
This is The Indicator from Planet Money.
I'm Waylon Wong.
And I'm Patti Hirsch.
We're always looking for clean and simple ways to describe
the economy to make it easier for all of us to understand what's going on.
And recently, that's extended to using the alphabet.
Is the so-called K-shaped economy.
The results highlight what some observers have called the K-shaped economy.
Why the letter K?
What do you mean by that?
I know, it sounds like Sesame Street.
Sesame Street, the platonic ideal of explainers.
The K described an economy that was diverging, with the rich getting richer and the poor getting poorer.
Not the kind of thing an administration likes to hear with the midterms coming up.
Not even a Republican administration.
This is Scott Besant, Secretary of the Treasury, speaking to CNBC last week.
I can say here definitively the K-shaped economy is over and we're seeing more of a C economy.
Sea economy?
What's a sea economy like?