Nice to hear some truth in this clip about the state of present labor conditions. Nine years after the great recession we still have massive under-employment in much of the west. This on top of record debt and minuscule liquid savings mean the masses are more vulnerable than average late cycles, amid slowing global growth.
Dartmouth College Professor of Economics Danny Blanchflower discusses the lack of wage growth in the U.S. and U.K. economies. Here is a direct video link.
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