Over the past few decades wage growth has been very slow. I explain why this is an issue given how inflation is soaring. I give two potential explanations: decentralised labour markets (enterprise bargaining) and slow productivity growth. 

Full video: https://youtu.be/_JkShN7ZeCY

 More videos: 

When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c 

The Inflation Reduction Act -  https://youtu.be/_y9VVm8Ee3s 


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