Labor markets in an era of adjustment : an overview

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📖 The Scoop

This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations across sectors have been more or less in the desired direction, and (3) the role of labor unions, generally supposed to be an impediment to adjustment, is more subtle than generally supposed.

Genre: Business & Economics / Labor / General (fancy, right?)

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