Stanley Expects More of the Same for Aug. Jobs Report

The video discusses the current state of the labor market, highlighting strong payroll numbers despite expectations of a slowdown. It examines wage growth, noting low productivity as a key factor in stagnant real wages. The conversation also touches on the Federal Reserve's cautious approach to economic policy, focusing on balance sheet adjustments and future interest rate decisions.

What factors are contributing to the confusion regarding real wage growth?

What does the speaker suggest about the future of wage growth compared to the past?