Jobs Report: Wheres the Wage Growth?

The video discusses the current economic situation, focusing on the jobless rate, wage inflation, and the Fed's stance on interest rates. It highlights the challenges in the job market, including the prevalence of low-wage jobs and the perception of a recession. The concept of economic slack is explained, emphasizing the need to look beyond traditional employment metrics. The video also covers the debate on raising the minimum wage and its impact on income inequality, reflecting on recent election outcomes and public sentiment.

What does the term 'Goldilocks scenario' refer to in the context of the economy?

How do Americans perceive the job market according to the discussion?

What does the term 'slack' mean in economic discussions?

What statistics are important to consider when evaluating the job market?

What was the outcome of the recent elections in relation to the minimum wage?

What are the implications of raising the minimum wage according to Bruce Ratner?

How do economists view the relationship between minimum wage and income inequality?