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Economic Resilience and Wage Growth Challenges
This chapter explores the surprising resilience of the economy as the election approaches, highlighting low unemployment and declining inflation against expectations of a downturn. The speakers examine the complexities of wage growth across different income segments, noting a lack of sustained improvements for lower earners that contributes to consumer distress. Additionally, the chapter delves into the interplay between inflation, supply chain disruptions, and real wage trends, providing a nuanced perspective on current economic conditions.