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8min chapter
The Coming Labor Shortage Is Not Good News
Good on Paper
Understanding Full Employment and Labor Market Dynamics
Exploring the economic concept of full employment and its benefits for workers by creating a tight labor market where competitive wages and increased bargaining power are prevalent. Analyzing the repercussions of the recent labor shortage due to the pandemic and the potential risks of over-tightening the labor market to maintain a balance between wage growth and inflation.
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