El-Erian: Trump's Carrier Move Not a Scalable Policy

The video discusses the limitations of micro interventions in affecting macroeconomic outcomes and emphasizes the need for structural reforms in the labor market, including education and infrastructure improvements. It outlines the Trump administration's phased policy approach, focusing initially on tax reform and deregulation, followed by more complex reforms. The challenges of creating 20 million jobs are highlighted, with a focus on the quality of jobs rather than just quantity.

What are the anticipated stages of reform mentioned in the text?

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What does the speaker suggest is as important as job quantity?

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