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Chapter One: New Trends in the Labor Market

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The employment-to-population ratio has fallen for prime-age workers. Technology constantly affects the labor market. While it has made occupations more productive, it has also displaced some workers.

This lecture was recorded in the fall of 2019 before the pandemic.

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Discussion Questions

  1. Why is the labor market important to understand?
  2. How do people adjust to technological changes that affect their jobs?

Additional Resource

  • Erik Hurst talks with EconTalk host Russ Roberts about the state of the labor market in the United States. Available here.