SV Stacey Vanek Smith Stacey Vanek Smith Story-seeker, Radio-maker, Reporter Bloomberg Businessweek, Formerly Marketplace, NPR's Planet Money, The Indicator 🎁 πŸ”— https://tinyurl.com/4ef9juth

“In 2022, when there were two open jobs for every available worker, you could have eaten a sandwich in your job interview. It probably wouldn't have made that much of a difference.”

Platypus Economics with Justin Wolfers Β· Money & Markets Β· October 2026

“In 2022, when there were two open jobs for every available worker, you could have eaten a sandwich in your job interview. It probably wouldn't have made that much of a difference.” β€” Stacey Vanek Smith, Platypus Economics with Justin Wolfers

Vanek Smith was talking about an online argument over whether younger job candidates should bring iced coffee into interviews. She reads the fuss as a sign of how tight the job market has become: with about one opening per available worker now, small things start to decide who gets hired.

Transcript

Platypus Economics with Justin Wolfers Around 43:59 into the episode
Stacey Vanek Smith

So the debate, if you have not heard about this, is there was a career coach on social media who just was throwing out advice. And she's like, I see so many Gen Z job candidates coming in and they bring their iced coffees into interviews and they're never going to get the job.

Justin Wolfers

Right.

Stacey Vanek Smith

And the internet basically broke very much along generational lines with a lot of Gen Z workers being like, excuse me? First of all, what's so bad about an iced coffee? What about my skills? What about my answers to questions and things of substance? And then like some older workers weighing in and being like, that is totally unprofessional. What are you thinking? My thought is this is a huge tell about the labor market moment we're in. I think companies are holding off hiring because they're trying to keep their powder dry and keep money for AI investment. I think there's also a lot of uncertainty around interest rates, borrowing costs, tariffs, gas prices, all of it. So they're holding on to, they're not expanding and hiring at the same rate they used to. Also, there's a lot of uncertainty about how many people they would need to hire. Enter the iced coffee. There are so many people applying. There are a lot of qualified people applying for jobs. And I think back in 2022, there were two open jobs for every available worker. Now there is about one open job for every available worker. And so I think ridiculous debates like whether or not it's okay to bring an iced coffee into a job interview, I mean, it just becomes so tight that it becomes these little sort of minutiae effects. Whereas I think in 2022, when there were two open jobs for every available worker, you could have eaten a sandwich in your job interview. It probably wouldn't have made that much of a difference.

Justin Wolfers

Depends lots on the sandwich.

Stacey Vanek Smith

It depends what's on the sandwich, 100%. But you know what I mean? I feel like that's like a real experience. So it's just a really tough time, I think, for young workers.

Justin Wolfers

So meta. It's like you didn't have a position on the iced coffee. You thought that the iced coffee itself was an economic indicator.

Speaker names from our own diarization Β· position estimated from where the line sits in the episode

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