3min chapter

Think Like An Economist cover image

S E17: The Labor Market - Live to Work, or Work to Live?

Think Like An Economist

CHAPTER

What's the Big Picture in the Labour Market?

Economists debate how important this effect is. Many economists argue thatit it's pretty minor. But those economists who disagree tend to argue that lowering taxes will spur people to work a bit harder. How many jobs are available and the wages you might get paid depend on supply and demand. Think about your comparative advantage - what can you do more effectively than others? That's where you'll be most valued. And try to find those careers where future technologies will actually make you more valuable. Realize that your career isn't just one choice, but a series of choices over time.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode