Is Lack of Wage Growth Behind Trump's Rise?

The video discusses the economic sentiment in the U.S., referencing the Beige Book's findings on labor markets, wages, and price pressures. It highlights the decline in personal income growth since 1980 and examines the income expectations of lesser-educated workers, termed the 'Trump gap.' The discussion also touches on economic divides, with Alan Krueger's perspective on 'two Americas,' emphasizing the acute impact on lesser-educated groups.

What does the Beige Book indicate about labor markets and wages?

Why might Americans feel gloomy about their economic prospects despite modest wage growth?

What does the chart about personal incomes over the last 50 years reveal?

How does education level affect expectations for future income growth among Americans?

What are the implications of the income trends for the lesser educated group in America?