Henry McVey Sees Continued Labor Force Weakness from Demographic Change

The video discusses the impact of COVID-19 on the global workforce, highlighting a decline in labor force participation, especially in the US and China. It explores government responses, such as subsidies and retraining programs, and examines structural issues affecting GDP growth. The video also addresses future economic risks, central bank challenges, and global labor distortions, emphasizing the need for increased productivity and domestic consumption in Asia.

What are the implications of the labor shortage observed since COVID-19?

How has the labor force participation changed in the US since 2021?

What factors contributed to the decrease in the labor force after COVID?

What role does technology play in job obsolescence and labor market dynamics?

Discuss the relationship between GDP growth and labor force productivity.

What are the potential long-term outcomes if the current labor trends continue?

How do labor shortages affect inflation and monetary policy?