Ten years after the financial crisis, unemployment has reached record lows in many global economies, which means we should have seen wage growth increase by now. But that hasn’t been the case. So, what’s the holdup? And what does this mean for the short- and long-term future of the economy?
In this episode of The Flip Side, Jeff Meli, Co-Head of Research, sits down with Ajay Rajadhyaksha, Head of Macro Research, to debate the reasons behind this wage stagnation anomaly. Their dialogue analyses cyclical and structural explanations, from labour market slack to advances in technology, and the implications each could have on future wage and economic growth.
Authorised clients of Barclays Investment Bank can log in to Barclays Live to access related reports entitled Robots at the gate: Humans and technology at work and Macroeconomics of the machines.
Jeff Meli, Co-Head of Barclays Research, sits down with Marvin Barth, Head of FX and Emerging Markets Macro Research, to debate some of the factors contributing to, and possibly resulting from, the state of global trade conflict.