(1) Neither weak demand nor dwindling supply in labor market, so far. (2) In our best-case scenario, productivity offsets labor shortages. (3) Labor force growth slows to a trickle. (4) Productivity growth collapsed during the Great Inflation and Great Recession. (5) The case for better real pay gains. (6) Good for consumers: Earned Income Proxy at record high. (7) Is a Fed rate cut still appropriate? (8) Will Powell pivot again?
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