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Will The Fed Get Their Soft Landing? | Jeff Snider & Bob Elliott
Forward Guidance
Do You Think Demand for Labor Is Higher Than Supply for Labor?
Jeffrey Sachs: Demand for certain parts of labor is still exceptionally high. He says companies hold on to when they have to just fire everybody because revenues are falling off a cliff. And so the wage data has skewed toward higher value jobs, which again, as I said before, leaves too many people out of the equation. The participation rate should be way higher than it was in 2019, let alone where it is today.
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