Search results
Results from the WOW.Com Content Network
In economics, the Baumol effect, also known as Baumol's cost disease, first described by William J. Baumol and William G. Bowen in the 1960s, is the tendency for wages in jobs that have experienced little or no increase in labor productivity to rise in response to rising wages in other jobs that did experience high productivity growth.
The causes of occupational stress can be placed into a broad category of what the main occupational stressor is and a more specific category of what causes occupational stress. The broad category of occupational stressors include some of the following: bad management practices, the job content and its demands, a lack of support or autonomy and ...
While temporary changes in overall demand for labor cause cyclical unemployment, structural unemployment can be caused by temporary changes in demand from different industries. For example, seasonal unemployment often affects farm workers after harvesting is complete, and workers in resort towns after the tourist season ends.
U.S. labor force and employment measured as percentages of the civilian non-institutional population (aged 16+) U.S. proportion of the civilian labor force aged 16 years and older that was not in the labor force by reason, 2004 and 2014 The graphic shows how different factors contributed to the changes in U.S. labor force participation from ...
The labour supply curve shows how changes in real wage rates might affect the number of hours worked by employees.. In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute time previously devoted for paid work ...
America added 306,000 fewer jobs last year than we thought. But the labor market is still hot ... “The change is -0.2% and the average adjustment over the last 10 years has been 0.1%,” Chris ...
Political and business decisions during the ongoing COVID-19 pandemic have had a distinct impact on low wage workers in industries including retail. New research quantifying this impact has shown ...
U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace.