Shift or Shock? Long-Term Balance of Power in Labor Markets

Upjohn Author ORCID Identifier

https://orcid.org/0000-0002-6492-8700

Publication Date

4-20-2023

Source

Business Economics 58: 85–96

Abstract

Despite rapid growth, the aggregate job count remains below its pre-pandemic trend, particularly in service sectors. Participation rates have been depressed, especially among older groups of the population. Lingering COVID-related health care issues and concerns, including care for household members, and softness in compensation relative to inflation are possible factors relating to the softness in the labor force, accentuating the potential benefits of reviving immigration.

DOI

10.1057/s11369-023-00311-9

Publisher

Springer Nature

Subject Areas

LABOR MARKET ISSUES; Wages, health insurance and other benefits; Immigration

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Citation

Stevenson, Betsey, Diane Swonk, and Michael Horrigan. 2023. "Shift or Shock? Long-Term Balance of Power in Labor Markets." Business Economics 58: 85-96. https://doi.org/10.1057/s11369-023-00311-9