What fiscal policy does the speaker suggest should be implemented at this point in the economic cycle?
How an Infrastructure Program Would Impact Wages
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The video discusses economic indicators such as non-farm payrolls and wage growth, highlighting the difference between real and nominal wage growth. It examines the potential impact of infrastructure spending on wages and inflation, and critiques past fiscal policies. The video suggests that retraining programs could support those affected by job losses due to globalization.
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What is the significance of retraining and reeducating people as mentioned in the text?
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