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How does economic growth happen? It’s a hard question to answer but economists have tried for centuries. Perhaps the most famous model came from MIT economist Robert Solow in 1956. The Solow growth model specifies three factors that fuel growth: productivity, capital, and labor.
Despite ongoing conflict in Europe and the highest inflationary period since the early 1980’s, the US labor market continues to grow briskly.
It’s Teacher Appreciation Week, but some educators aren’t feeling so appreciated.
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In the period after a peak Omicron surge and before war broke out in Eastern Europe, the US labor market recovery accelerated, as hiring ramped up and more people returned to the labor force.
5 minute read
Employers face stiff competition for workers amid labour shortages.
1 minute read