Sri-Kumar Says Low Wage Workers Challenge Yellen

The video discusses economic growth trends and the paradox of declining unemployment rates amidst weak growth. It highlights the limitations of the EU3 unemployment rate and the significance of the EU6 rate, which includes underemployed individuals. The labor force participation rate is declining, indicating slack in the economy, particularly among low-income workers. The shortage of high-skilled employees is contrasted with the dominance of low-income workers, posing challenges for policymakers like Janet Yellen.

What does the term 'slack' refer to in the context of the economy as discussed?

Why is Janet Yellen concerned about low wage numbers rather than the tech industry?