The Great Labor Market Shakeup
The COVID-19 pandemic has restructured entire industries and changed the way workers think about their jobs, especially in low-paid occupations and sectors. But a full recovery in employment is still possible: policymakers and employers need only offer workers the support they are demanding.
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BERKELEY – Approximately 13% of low-wage jobs in Germany would not be viable if workers understood just how good their outside options truly are. That is the conclusion of a recent paper by Benjamin Schoefer, my colleague here at the University of California, Berkeley, and his co-authors, Simon Jäger, Christopher Roth, and Nina Roussille.