Blanchflower, David G.; Bryson, Alex; Spurling, Jackson - 2022
Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates … the Great Recession. Instead, we show rates of under-employment (the percentage of workers with part-time hours who would … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …