Budget Cuts Won’t Lead to Productivity, Says Jason Furman

The video discusses the current state of the labor market, highlighting low jobless claims and the lag in wage growth despite a tight labor market. It attributes slow wage growth to a lack of productivity growth and critiques a proposed budget for its potential negative impact on productivity. The discussion also covers the role of regulation in job creation, particularly for small and medium-sized businesses, and debates the potential benefits and drawbacks of regulatory reform.

What factors are mentioned as contributing to low wage growth despite a tight labor market?

How does the speaker view the impact of the proposed budget cuts on productivity gains?

What is the speaker's perspective on the relationship between regulation and job creation for small and medium-sized companies?

What does the speaker suggest about the balance of regulations and their impact on economic growth?

According to the speaker, what are the implications of cutting funding for climate research?