Job Growth in the US

In a recent article by Ben Casselman of The New York Times the trend of job growth over the last few years is discussed as a promising start to 2020 and indicating a strong labor supply. However, the author also notes that wages have not seen the same increase. I found myself trying to visualize how the supply and demand curve would change over time if these trends continue. Although there are some benefits to the moderate wage growth, eventually there will be a dramatic shift in the curve as relative labor values change. Changing tax policies and other credits/subsidies will be critical in prolonging or altering the overall economic growth.

Leave a comment

Design a site like this with WordPress.com
Get started