Worried Inequality Will Feed on Itself: Krueger

The video discusses economic challenges in the U.S., focusing on job market recovery and income inequality since the 1970s. It highlights the importance of raising the minimum wage and improving education to address these issues. The speaker expresses concern about growing inequality and the need for universal preschool education. The Affordable Care Act is mentioned as a positive step, but the fear remains that poverty will persist, creating an inequality trap.

What is one of the main reasons Americans are skeptical about the job market recovery?

• Recent economic policies

• The president's lack of communication

• Long-standing income inequality

• High unemployment rates

Which measure was recently signed into law to help federal contractors?

• Tax cuts

• Job training programs

• Increased minimum wage

• Universal healthcare

How many private sector workers could benefit from raising the minimum wage?

• Approximately 15 million

• Less than 1 million

• More than 10 million

• Over 5 million

What educational initiative is suggested to help reduce inequality?

• Online learning platforms

• Increased college scholarships

• Universal preschool education

• More high school programs

What is one positive impact of the Affordable Care Act mentioned in the transcript?

• It has reduced healthcare costs for all

• It has improved job opportunities

• It has helped reduce inequality

• It has increased federal contractor wages