Amazon 'Phenomenon' Lifting Worker Pay: JPM's Glassman

The video discusses the economic dislocations caused by the pandemic, the role of the Fed, and the impact of big tech companies like Amazon on employment. It explores the transformation of the labor market and the challenges of returning to pre-pandemic employment levels. The discussion also covers wage increases and their implications for economic growth, highlighting the tension between rising wages and record-high profit margins.

In what ways does the speaker believe the current economic situation differs from that of 2019?

What are the implications of wage increases in relation to consumer prices as discussed in the text?