Workers, Wages and the Case for Full Employment

The video discusses the factors influencing the Federal Reserve's decisions, focusing on job growth and full employment. It highlights the challenges of labor slack, the rise in job openings, and the difficulty in finding suitable workers. The analysis extends to wage growth, comparing current trends to those in 2006, and explores how full employment serves as a leading indicator for inflation. The discussion emphasizes the Fed's dual mandate of achieving full employment and managing inflation.

In what way is wage growth for job changers significant in the current economic context?

What are the implications of full employment being a leading indicator for inflation?