Rational Dissent Episode 004. The State of the Labor Market

Available on YT, Spotify, Apple, Overcast, etc. --- Shifting dynamics in the U.S. Labor Market have everyone from the Fed to recent graduates playing on their heels. Chapters 00:00 - Introduction & Labor Market Equilibrium 03:30 - Demographics, Immigration, and Breakeven Rates 13:00 - Data Quality & Measuring Labor Market Speed Limits 17:55 - Youth Unemployment, Demographics, and Degree Selection 28:37 - AI's Real Impact on White-Coll — via @biancoresearch

Labor market shifts pressure Fed policy, driving fixed-income rate expectations.