The Housing Bubble and the Wage Stagnation

If your income isn't growing, the only way is to consume more through debt or capital gains. We've had some very big shifts in the nature of the labor market. And we're seeing some interesting shakeouts. So you can make the unemployment number look good because we fortress australia but it doesn't mean that you're solving that labor market problem. It's those boomes a on the question of politics being a short term i'm interested in the link between wages stagnation and the housing bubble.