Buiter, Riccadonna on U.S. Jobs and the Trade Deficit

The video discusses the trade deficit, its impact on jobs, and the role of globalization. It highlights the potential effects of trade policies under the Trump administration and examines the state of employment and wage pressures in the U.S. The discussion also touches on the relationship between trade and budget deficits and their implications for job creation, emphasizing the need for economic literacy in understanding these issues.

What are the implications of the trade deficit on job formation according to the text?

What does the speaker imply about the employment situation in America in relation to the trade deficit?

How does the text describe the relationship between full employment and wage pressures?

What does the speaker suggest about the current account deficit in relation to capital expenditure and domestic saving?

According to the text, what is the economic perspective on worrying about the trade deficit in relation to jobs?