Is the Demographic Shift Pulling Down U.S. Wage Growth?

The video discusses the ISM services index and its implications for employment in the US economy. It highlights labor market tightness, participation rates, and wage growth trends. The impact of demographic shifts on wage growth and inflation is explored, along with Janet Yellen's views on global economic conditions and their influence on US monetary policy. The likelihood of a rate hike by the end of the year is also examined.

What is the current outlook on wage growth and inflation according to the discussion?

What concerns did Janet Yellen express regarding global economic conditions?