From one of my peoples: Weak Labor Markets Do Not Pose Fatal Threat to Nascent Recovery. thoughts?

One thought on “From one of my peoples: Weak Labor Markets Do Not Pose Fatal Threat to Nascent Recovery. thoughts?

  1. Good stuff. Were the productivity gains in the recent downturn due to increases in technology or worker behavior? I would assume it’s the latter–workers putting in more effort to preserve their jobs. The recent downturn made certainly increased the importance of job security to the average worker. If this is the case, I would expect the productivity gains to lower as workers feel more secure about their jobs. In a weird way, this would be a good for employment numbers, as less efficient workers would necessitate the need for more workers. I should add that I’m an engineer and not an economist, so I’m mainly speaking in terms of intuition.

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