Capitalisn't

Can Labor Markets Save Capitalism? With David Autor

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May 4, 2023
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ANECDOTE

Nail Polish and Work Experience

  • David Autor was fired from a microelectronics assembly job for wearing nail polish.
  • He also worked various jobs, including at a non-profit teaching computer skills, McDonald's, and software development.
INSIGHT

Labor Markets' Importance

  • Labor markets are crucial for distributing income and structuring society.
  • Well-functioning labor markets have positive ripple effects, reducing social problems like crime.
INSIGHT

Pandemic's Impact

  • The pandemic accelerated pre-existing labor market trends, like tightening due to demographics and restricted immigration.
  • This tightening compressed inequality and improved low-paid work, but these changes are not transformative.
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