Bill Gross Says Structural Forces Keep Wages Down

The video discusses the disparity between high job numbers and stagnant wage growth in the U.S., attributing it to hidden labor and structural forces like globalization and technology. It critiques the Fed's cyclical model for not considering these structural factors. The discussion extends to how Fed policies, such as interest rate adjustments and quantitative easing, influence labor dynamics and job growth.

What structural factors are suggested to influence job growth?

What is the neutral Fed funds rate and its relevance to inflation?