Cohn Says White House Is Concerned About U.S. Wages

The video discusses the current state of the U.S. economy, focusing on the jobs market, GDP growth, and unemployment rates. It highlights concerns about stagnant wages and the need for tax reform to boost economic competitiveness. The discussion includes the collaborative efforts between the White House and Congress to finalize a tax reform blueprint. Political challenges, such as differing opinions among lawmakers, are addressed. The impact of Hurricane Harvey on economic data and the necessity for relief efforts are also covered.

What economic indicators were highlighted as positive achievements by Labor Day?

• 5% GDP growth and 2.4% unemployment

• 4% GDP growth and 3.4% unemployment

• 2% GDP growth and 5.4% unemployment

• 3% GDP growth and 4.4% unemployment

What is the proposed solution to address wage stagnation according to the speaker?

• Raising minimum wage

• Lowering business tax rates

• Increasing interest rates

• Implementing stricter labor laws

What is the main goal of the tax reform discussed in the video?

• To create more government jobs

• To simplify the tax code and return income to the public

• To reduce the national debt

• To increase government revenue

How does the speaker describe the cooperation between the White House and Congress on tax reform?

• Hostile and competitive

• Nonexistent and problematic

• Indifferent and passive

• Collegial and collaborative

What challenge does Hurricane Harvey pose to the economic data?

• It will make economic data less reliable

• It will only affect unemployment data

• It will improve economic data accuracy

• It will have no impact on economic data

What is the speaker's stance on government spending for Hurricane Harvey relief?

• It should be delayed until more data is available

• It is unnecessary and should be avoided

• It is essential and non-negotiable

• It should be minimized to reduce the deficit

What is the expected impact of Hurricane Harvey on future economic data?

• It will make data more accurate

• It will simplify data analysis

• It will complicate data interpretation

• It will have no impact