Blanchflower, David G.; Bryson, Alex; Spurling, Jackson - National Bureau of Economic Research - 2022
Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They … formation in the USA and hasn't been since the Great Recession. Instead, we show rates of under-employment (the percentage of … and those out of the labor force who are not working significantly reduce wage pressures in the United States. This …