Tech, Not Trade, Drives U.S. Skill Premium: Fed's Mester

Federal Reserve Bank of Cleveland President Loretta Mester speaks about demand for skilled workers in the U.S. labor market, the wage gap between skilled and unskilled workers and opportunities for high school versus college graduates. Mester, speaking in Pittsburgh, says technology advances are likely more responsible than international trade for the "skill premium" that U.S. companies pay more highly educated workers. (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/16)
37:24 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Jon Beinner, co-head of global fixed income at Goldman Sachs Asset Management, Shawn Golhar, head of public policy research at Barclays Capital, and Rep. Tom Reed, a member of the House Ways and Means Committee and a Republican from New York. (Source: Bloomberg)
  • Full Show: Surveillance (08/16)
  • What to Expect From the Fed Minutes
  • Full Show: What'd You Miss? (08/15)