Wrong Answer to the Right Question (guests: Russell Clark, Cem Karsan)
The Market Huddle
00:00
The Importance of Labor to Increase Share of GDP
Powell has some comments yesterday about raising rates and got some questions from Warren about rising unemployment. Do you think central banks believe that inflation is not a problem until it gets into wages? If so, do you think it's possible for labor to increase its share of GDP or is this something central banks are likely to fight? And are we destined for a continuation of sideways or declining labor share of GDP?
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