/149/ It's Not Robots, It's Capitalism ft. Aaron Benanav / Liz Pancotti
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Is the Fed Trying to Target Low Unemployment?
The Fed has a dual mandate: target low unemployment and increase labor income growth. The theory behind that is when labor markets are sufficiently tight, workers should be able to drive wages up. But research studies have shown that even in times of tight labor markets, we don't necessarily see the type of worker power that we should expect to see. There's been a lot of skepticism about what the Fed is doing to kind of bail out the American economy.
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