Bill Gross Says Demographics Are Putting a Lid on Wages

The transcript discusses the state of employment in America, highlighting underemployment and the importance of the EU Six unemployment rate. It emphasizes the significance of wage growth for inflation, noting the Federal Reserve's interest in this area. Technological progress is considered a factor in wage stagnation, alongside long-term influences like demographics and deglobalization. The discussion draws parallels with Japan's static labor force and its impact on wages.

What is the significance of the EU Six number mentioned in the text?

What factors are contributing to the lack of wage growth in the current economy?

How does technological progress impact wage growth according to the text?

In what ways does deglobalization affect wage growth according to the speaker?

What role do demographics play in wage growth as mentioned in the discussion?