A major puzzle in the U.S. economy is why wage gains have been relatively subdued in the last couple of years, even as all signs point to a tight job market where employers are having trouble filling positions. One reason is that labor unions just don't have the clout they used to in America. While there are occasional victories, the situation is a far cry from the glory days of the 1970s, and it's also helping reshape the political landscape. Jared Bernstein, former chief economist to Vice President Joe Biden and an expert on labor economics, joins Scott and guest co-host Patricia Laya to explain.

<p>A major puzzle in the U.S. economy is why wage gains have been relatively subdued in the last couple of years, even as all signs point to a tight job market where employers are having trouble filling positions. One reason is that labor unions just don't have the clout they used to in America. While there are occasional victories, the situation is a far cry from the glory days of the 1970s, and it's also helping reshape the political landscape. Jared Bernstein, former chief economist to Vice President Joe Biden and an expert on labor economics, joins Scott and guest co-host Patricia Laya to explain.</p>

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

<p>Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.</p>

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

Why Labor Unions Don’t Have the Clout They Used To

Why Labor Unions Don't Have the Clout They Used To

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f6f4a64c-0f2e-493b-a414-ae2b00260bf5/transcript

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