Powerful Forces Pushing Against U.S. Wage Growth: Haass

The video discusses the challenges facing America's economic confidence, focusing on wage stagnation despite improvements in education and healthcare. It highlights the impact of technological innovation and global competition on productivity and wages. The potential for economic growth through infrastructure projects and tax reforms is explored, alongside political challenges in implementing these solutions. The video also covers trade policies, including the Trans-Pacific Partnership, and the need for economic reforms.

What are the two main factors mentioned that contribute to wage stagnation despite improvements in education and healthcare?

• Decreased consumer spending and high interest rates

• Increased taxation and inflation

• Technological innovation and global competition

• Lack of government spending and high unemployment

Which of the following is NOT mentioned as a potential solution for achieving greater economic growth?

• Corporate tax reform

• Predictability of the financial system

• Increased consumer debt

• Infrastructure projects

What is one of the main reasons for the difficulty in implementing infrastructure projects in the U.S.?

• Political disagreements on federal contribution

• High interest rates

• Lack of skilled labor

• Insufficient raw materials

What trade agreement is mentioned as a potential area for economic improvement?

• Mercosur

• European Union Customs Union

• Trans Pacific Partnership (TPP)

• NAFTA

Which of the following reforms is NOT mentioned as being on the agenda for quick implementation?

• Trade reforms

• Immigration reforms

• Tax reforms

• Healthcare reforms