
Irrational Exuberance, Again? [Eurodollar University, Ep. 179]
Eurodollar University
00:00
What's Going on With Real Wage Rates During the Great Depression?
During the first three recessions, we didn't see this effect. But it's during this fourth one where we do see this increase. And i think its jeff has to do with that it was a shock, like the great depression. The more interesting and maybe questionable phenomenon is whether or not that has continued into 20 21 and maybe into 20 22. We don't really have good answers for that, at least from the wage data itself.
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