Economist Kolko Says Labor Market May Be Plateauing

The video discusses the limitations of monetary policy and the need for fiscal measures like tax cuts to influence wages. It highlights a plateau in the labor market, with key indicators such as unemployment rates and employment ratios stabilizing. Despite companies facing hiring challenges and labor shortages, this has not led to increased labor bargaining power. The video also examines declining job mobility and its impact on economic dynamism and productivity.

What does the speaker imply about the hiring challenges faced by companies?

What concerns does the speaker raise about the decline in mobility?