Andy Smarick | AEIdeas
The way the issue is reported, it's easy to conclude that employment is largely a mechanical exercise: When jobs are available, more people work; when jobs are cut, more people are unemployed. After taking an economics class, we might have a slightly more sophisticated understanding — that individuals also make calculations about work based on how they prioritize income vis-a-vis leisure. But recent events and research should force us to see the workforce entirely differently.
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