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Supply and Demand: Why Job Growth Remains Sluggish

According to the National Bureau of Economic Research, the “Great Recession” officially ended four years ago. Nonetheless, job growth remains anemic. Many economists have struggled to explain its prolonged weakness.[1] Neither weak demand nor mismatches between workers’ skills and job requirements can fully account for it. An overlooked cause may contribute to the problem: reduced labor supply.
New York United States James Spletzer Alan Krueger Atif Mian Casey Mulligan

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