Coulton: Tight U.S .Labor Market Pushing Wages

The video discusses the current state of the US labor market, highlighting its tightness and the rise in nominal wage growth. It examines the dynamics of unemployment, including job turnover and the quit rate, which indicate increased job market confidence. The discussion extends to the global economic impact, particularly how changes in the US economy affect other G7 countries and the distribution of income between wages and corporate profits.

Why does the speaker think unemployment cannot be driven lower indefinitely?

What potential benefits could arise from an increase in wage growth in the US economy?