White House CEA's Jared Bernstein on the benefits of full employment


March 26, 2024, 1:00 PM to 1:45 PM EDT
Virtual Event
Jared Bernstein (White House Council of Economic Advisers)

Event Summary

Jared Bernstein, chair of the White House Council of Economic Advisers, presents the forthcoming chapter in the 2024 Economic Report of the President, which examines the impact of tight labor markets on working families and the macroeconomy. Using a monopsony framework, the chapter argues that tight labor markets improve workers’ bargaining position for higher wages and better jobs, particularly among individuals who are often left behind when labor markets are slack.

Bernstein's presentation is followed by a fireside chat and moderated Q&A with PIIE president Adam S. Posen.