Why Low Unemployment Isn’t Better News
Ones and Tooze
00:00
Navigating the Labor Market Paradox
This chapter explores the complexities of the U.S. labor market, contrasting a low unemployment rate with rising inflation and declining labor force participation. It discusses the implications of wage pressures in a tight market and examines the rare political advocacy for higher unemployment rates. Additionally, the chapter highlights concerns over productivity declines and the broader economic health amid a booming labor market.
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