‘Cost Of Living Crisis’: Why Wages Can’t Keep Up With Inflation | Tomas Philipson

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... FOLLOW TOMAS PHILIPSON: LinkedIn: / tomas-j-philipson-ph-d-02878024 FOLLOW DAVID LIN: Twitter (@davidlin_TV): / davidlin_tv TikTok (@davidlin_TV): / davidlin_tv Instagram (@davidlin_TV): / davidlin_tv For business inquiries, reach me at david@thedavidlinreport.com *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 #economy #economics #investing