How the Tax Bill Could Impact the Labor Market

The video discusses the distribution of economic growth across the US, highlighting strong job growth in both red and blue states. It examines whether this growth is driven by economic cycles or policies, noting that recent trends are continuations from before 2017. The impact of the Trump administration's focus on manufacturing and mining is considered, along with potential effects of the tax bill. The elimination of the state and local tax deduction is analyzed, with possible implications for states like New York and California, though housing costs and other factors may play a larger role in influencing migration and consumer spending.

In what ways might housing costs affect people's decisions to move between states?

What are some factors that could affect consumer spending in states impacted by the tax deduction changes?