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15min chapter
The Macroeconomic Malaise | Juliette Declercq on Debt, Tariffs, Immigration, and Yield Curve
Monetary Matters with Jack Farley
Economic Challenges and Labor Dynamics
This chapter examines the challenges of labor growth in Western economies, especially in the U.S. after 2009, with a focus on demographics, productivity, and the impact of immigration. It highlights the stark contrast between soaring productivity gains and stagnant wages for lower-skilled workers, raising concerns about economic inequality and the sustainability of current borrowing practices. The conversation concludes with a reflection on future economic uncertainties and the potential ramifications of rising debt levels on ordinary citizens.
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