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‘Cost Of Living Crisis’: Why Wages Can’t Keep Up With Inflation | Tomas Philipson
Description
Tomas Philipson, former Acting Chairman of the White House Council of Economic Advisors under the Trump Administration, discusses the causes of the "cost of living crisis" and why consumers are "getting squeezed".
*This video was recorded on June 13, 2024
Listen on Spotify: https://open.spotify.com/show/510WZMF...
Listen on Apple Podcasts: https://podcasters.spotify.com/pod/sh...
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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
0:00 - Intro
0:30 - Cost of living crisis
3:28 - Inflation Reduction Act
4:42 - Inflation components
7:00 - Housing affordability
8:00 - Debt
10:07 - Recession outlook
11:10 - Improving real wages
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