Throughout history, automation has driven productivity increases. Technological advancements will forever impact the labor market, and we will make sense of the latest changes, and think on what’s to come.
Advanced economies are experiencing very tight labor markets. This worker shortage has implications for hiring. Recruiters are increasingly poaching employees rather than recruiting from a shrinking pool of unemployed, which has implications for monetary policy.
Jobs Numbers Are Boring Again, But That’s a Good Thing!
Even though the British economy is in a downturn, the labor market might hold up better this time than during the typical recession, especially since there is still a shortage of blue-collar jobs due to Brexit.