Dr. Peter Navarro
๐ค SpeakerAppearances Over Time
Podcast Appearances
And we had kind of the sweet spot in this report.
We had both a rising labor force participation rate, which means more people are participating, even as the unemployment rate went down.
So that's like, you don't see that very often.
That's robust growth.
And
On top of that, Steve, prime age workers are the ones leading this.
And why do we care about that?
The prime age workers are the ones who have the vigor and the skills.
You don't have to train them.
They're the most productive members of the worker distribution.
You know, the young, you got to train.
They're not as productive.
Seniors kind of fade off into retirement.
Same thing.
So, Steve, everything is working well.
beautifully right now.
And the trajectory here going into the November midterms, which is everything we're about at the White House, as is the war room, is you're going to see real wages rising, wages rose in this latest report.
And you're going to see a lot of blue collar manufacturing jobs, you know, which is not to say
We're not very worried about AI and the white collar impacts and not just AI affecting jobs, but also electricity prices.
Hang on.