laborers now face stiffer competition in the labor market. At the same time, highly skilled natives may gain substantially. They pay less for the services that laborers provide, and natives who hire these laborers can now specialize in producing the goods and services that better suit their ...
"It's really in-person services that are the strength of the U.S. labor market right now," Nick Bunker, head of economic research at the Indeed Hiring Lab, told ABC News. "The areas of the economy that got hit really hard by the initial shock of the pandemic." "We're seeing a r...
This and related research points to the sizable effects that automation may have on the job market. A specially relevant question has been posed by Acemoglu and Restrepo (2017) who analyzed the impact of robots and automation on jobs and salaries. They estimate that for each extra robot per ...
Another way to see how tight the labor market is right now is by looking at the percentage of folks who voluntarily quit their jobs. Most of the time, people only quit their jobs when they can find higher pay somewhere else. In August (the most recent month for which we have data), ...
The authors of these classical studies apparently did not fear to introduce a serious bias into their analysis when treating the labor market in this simplified manner–and they may have been right. Even if one is convinced that the real labor market is much more complex than our simplifying ...
Movements along the curves happen because of the laws of demand and supply which apply to the labor market as well. According to the law of demand, an...Become a member and unlock all Study Answers Start today. Try it now Create a...
The sharing economy has had a substantial impact on the labor market and created challenges for companies in traditional industry and businesses. In conduc
, job-rich regions would allow talent to migrate to where it is most needed and most valuable. Universities and workforce development programs can also work hand in glove with employers to help future employees build skills and find the right job opportunities in an ever-evolving labor ma...
Help wanted: how to deal with today’s dynamic labor market Post-pandemic, economic, and social factors make recruiting and retaining frontline workers more challenging than ever. So how do you stand out among a wide range of industries competing for an ever-narrowing talent pool? Spoiler aler...
Concentrated labor markets pushing wages below what one would expect in a competitive market. Actual evidence which Princeton Steve will dismiss as it is not a one company town. Besides he thinks he is standing up for the right of black criminals on drugs to shine his shoes for $3 an hour...