2min chapter

Capitalisn't cover image

Can Labor Markets Save Capitalism? With David Autor

Capitalisn't

CHAPTER

The Unexpected Compression of the Labor Market

David Frum: Pandemics have reshaped labor markets, but not like this. He says we were in a period of tightening labor markets due to demographics and retirements. After the pandemic, things got much tighter, faster inequality, he says. Frum: The tidiness of the current labor market is good; it's making bad jobs or low-paid jobs less low-paid.

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