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Chapter Four: How Is the Labor Market Changing?


Published: April 01, 2021

Erik Hurst answers frequently asked questions about the economy and the labor market. Are there technological approaches to retraining workers to provide them with a competitive edge? How can private industries and the federal government work together to help workers weather technological changes? What would be the impact of a universal basic income to mitigate technological adjustment? 

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.