Labor Market Is Both Loose and Tight, Bill Dudley Says

The transcript discusses the power dynamics between corporations and labor, highlighting the decline in labor's share of income due to corporate consolidation and weakened union influence. It explores the impact of technology on the labor market, noting changes in job search methods and employment dynamics. The discussion also covers current labor market conditions, including unemployment rates and job openings, and examines the role of the Federal Reserve in achieving full employment and managing inflation. The challenges of worker mobility and the potential for government policy to influence labor power are also addressed.

Discuss the implications of worker mobility on labor power in the current economy.

What challenges does the Federal Reserve face in achieving full employment?