JPMorgan's Glassman Expects Better U.S. Wage Trends

The video discusses real wage growth, considering a stable 3% inflation rate, and the challenges in achieving wage growth despite improvements in the job market. It explores the potential impact of the Trump presidency on employment, including trade wars and tariffs. The discussion also covers capacity utilization and the availability of skilled workers, emphasizing the need for job training and skill development to address employment gaps.

What is the main factor that the speaker believes will lead to better wage trends?

• Government intervention

• Decrease in inflation

• Improvement in the job market

• Higher interest rates

According to the speaker, what is a key strategy to solve the problem of job openings?

• Reducing taxes

• Increasing tariffs

• Investing in job training and skills development

• Outsourcing jobs

What does the speaker suggest about the role of the President in creating quality jobs?

• The President can directly create quality jobs

• Quality jobs are created by the economy itself

• Quality jobs are only in the technology sector

• The President should focus on reducing unemployment benefits

What is the speaker's view on the current state of US employment?

• Unemployment is not a concern

• The US is fully employed

• There are hidden pockets of unemployment

• All workers are employed full-time

How does the speaker describe the current capacity utilization in the US?

• It is irrelevant in today's economy

• It has declined structurally over time

• It is solely dependent on domestic manufacturing

• It is at its peak since the 1970s