Why Global Wage Growth Remains Weak

The video discusses global economic challenges, focusing on labor market trends and wage growth issues. It highlights the impact of cyclical and structural factors, such as the financial crisis, technology, and globalization, on wages. The role of productivity and the aging population in shaping labor market dynamics is also explored, emphasizing the loss of bargaining power among older workers.

Discuss the relationship between inflation and wage growth as described in the text.

What are the implications of underemployment and unemployment on wage bargaining power?