David Blanchflower on the Failures of the Labor Economy

The video discusses a book on the failed labor economy, emphasizing the changes since 2008. It highlights the low wage growth and the mistakes of policymakers. The author suggests allowing the economy to reach full employment and subsidizing work to address issues. The video also compares global policies, noting Germany's relative success.

What significant change occurred in the labor market in 2008 according to the text?

How does the author describe the relationship between policymakers and the actual economic situation faced by workers?

In what way does the author criticize the actions of central banks regarding employment?

What does the author suggest as a solution to improve the labor market?

Which country does the author mention as having a better labor market performance post-Great Recession?