Friday's Jobs Report and the US Economy
Bloomberg Surveillance
Shifts in Global Trade and Immigration Insights
This chapter explores the decline of internationalism in global trade, highlighting the shift towards nationalism and its effects on U.S.-China relations. It discusses the vital role of immigration in the labor market, particularly in sectors facing labor shortages, and critiques policies that undervalue these contributions. Additionally, it analyzes wage dynamics influenced by monopsony power and compares the strengths and weaknesses of the U.S. welfare state against European models.
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