Dr. Powell discusses the state of the economy. Is the porridge too hot, too cold, just right or something else??? As the labor market gets tight and technology further pushes itself into the Digital Era there will be natural implementation of new technologies. Different types of skills are needed and they are going to be less labor oriented and more creative in design in order to maintain that innovative development through natural human motivation. Maybe not? No one really knows but its interesting to think about.
For an overview read Jobs Report Gives Fed a Mixed Signal Ahead of Its March Decision
The other option is to not do anything which I don't think is a good option. However, we could always try something interesting and perhaps hedge technology and human capital to reduce labor pressure and improve the entire system to higher platforms of performance.
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