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14min chapter
Econ Battle Zone: Disinflation Confrontation
Planet Money
Labor Hoarding: Retaining Workers During Economic Downturns
This chapter explores the concept of labor hoarding and its impact on inflation and disinflation in the economy. It discusses how companies hold onto their employees during economic downturns in anticipation of future demand, using the example of a toy factory retaining workers despite a decrease in sales. The chapter also highlights the challenges of finding new workers with necessary skills and how labor hoarding can delay disinflation.
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