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Another pair join globally synchronized as it continues to spread around the world.

Eurodollar University

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The Downside of Labor Hoarding in the Economy

Jeffrey Lacker: We see labor hoarding, and we also see cyclical swings that expose the labor hoarding before each and every recession to various degrees. 48% implemented a four-day work week for some of their workers, just to keep them employed, he says. And 67% of small business owners said they're willing to cut their own pay to avoid layoffs,. Jeffrey Lacker: This is quite modest relative to what we typically see in a recession; it's likely to continue to skirt an outright recession.

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