Omicron: Should Investors Worry?
Real Vision: Finance & Investing
00:00
The Role of Historisis in Labor Markets in Recessions
When things in the system get out of whack, the output stop responding to the input. So even as the causes change, the effects don't then follow. The growth impulse that te tends to catalyze higher labor is not thatit is not one to one transmission mechanism during recession. As you progress into the mid cycle and en later cycle, you kind of hand the baton off from the growth dynamics to the labor market dynamics. And that's typically in the labor market peaks at's obviously out of the m b r, in the ba catalyzer or r or, you know, kind of identify recessions.
Play episode from 10:31
Transcript
