Edmund Phelps Says Jobs Report Shows Recovery Is Over

The video discusses the slowing wage growth and its implications for the US economy and labor market. It highlights the slack in the labor market, particularly among men and teenagers, and the need for real wage growth. Concerns about productivity and innovation in traditional industries are raised, along with challenges in measuring productivity. The discussion concludes with the potential impact of tax reform on economic growth.

What factors contribute to the slow growth of productivity since 1968?

In what ways does the current corporate culture affect innovation and productivity?

What potential effects could tax reform have on economic growth and employment?