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S1 Ep56: Hidden unemployment in India

VoxDev Development Economics

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Labor Markets Look So Different When in Peak Seasons

In the semipiaque months, when there is more economic activity in villages, the labor market is remarkably nimble. Wages go up instantly, and you see the patterns on employment that you a expected in an econ, one, o one world. And so that means we could hire all these people, give them all these external jobs, and not only does it make those people better off, but the people in the village who are there, theyre able to take up the job sots that were vacated,. So they're better off as well.

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