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There is no place like home – and the labor market needs to change

Common sense tells us that people go to work. In America, there is a history of western growth in search of opportunities. In the UK, Margaret Thatcher’s secretary, Norman Tebbit, was fond of telling people about their own father, when he was unemployed. “He got on his bicycle and looked for a job,” and kept looking until he found it. ”Obviously, it’s easier to get a job when you’re on the phone. But what happens if people can’t or won’t move to a job?

This is a question that American policymakers are looking at due to the deterioration of plague-related activities. Covid-19 hits different groups of people in a variety of ways, with smart people doing much better than those in jobs that require face-to-face communication. Statistics showing a drop in funding in the midst of the epidemic are misleading, say some experts, as they show short-term government responses, such as issuing encouraging checks. In the long run, it is clear that the work will change dramatically, it is possible that more work can be done anywhere – whether in Bangalore or Bangor.

This will open the new interdependence of markets for the work of white collar, which can benefit workers upcoming markets that are moving forward, they can also put pressure on work in rich countries. On the other hand, workers in the United States who cannot afford housing, childcare and education in expensive coastal cities may have to go for a cheaper one. “Location” which have grown during the epidemic.

It is impossible to know how these labor, location and employment cases will help. But what we do know is that space is more important in the job market than we already think. Economists think critically based on people, not geography. But the only way to get a job is to get steam. Studies show that regions are flexible in the face of economic downturns so a variety of bespoke strategies are needed – not the only guidelines for global job growth – to address them.

Harvard and Berkeley economists, for example, showed the travel of different ages varies greatly in the US. A 2014 study showed the probability that a baby born in the 1980s at the peak of the global cost of living, starting from a low-income quintile family, was 4.4% in Charlotte, North Carolina (not back water, but the Southern Development Services hub). In contrast to the chance of the same group from San Jose, California, it was 12.9%. Traveling areas like San Jose had some lower sections, lower funding and elementary schools. They also have more wealth and stability in the family.

The concept of development funding becomes very important. Think about this book All online applications. Employees who do not have a college degree after being fired, do not like to move, but simply use the money available in their home or community. The facts prove this. As “China Shock” authors, economists David H Autor, David Dorn, and Gordon H Hanson have found that economic perceptions of labor market changes based on job transfer and technology have not changed in recent years. “For reasons that economists still do not fully understand,” Hanson wrote Foreign Affairs more recently, underemployed workers often “choose to relocate, even if the market conditions are difficult”

The result is the economic downturn, as well as the dangerous politics that come with it. What to do with this? To begin with, Hanson and many other professionals advocate for better employment in the most changing areas, through trade. But there are also answers that should be local, rather than quantitative. Some people may need to pay off debts, while others want to start over or get a job search. All of this should be done in conjunction with self-care. After the outbreak, the European governments did a better job of retaining people because they worked with the common people in short-term employment and financial aid. American companies just lay people off, leaving them to fend for themselves.

This raises the point that any government funding or city funding and testing should be made available to benefit both businesses and employees. Corporate sponsorship campaigns in troubled cities tend to do just that tax evasion and not helping temporarily troubled areas. This is something that Biden’s management should give serious thought to when they return to Trump’s “Opportunity” tax period.

Finally, a good education is the best part of the job. I would like to see a very high level of professional education that gives freedom foolishly lost in the 1970s because of the concern that poor kids could be rude and rich, i.e., psychologists (at this point, I just know that my plumber in Brooklyn does more than I do at FT). We need both generous training and vocational training, and there are types today that are compatible – such as the P-Tech program, which has spread nationally and internationally.

Even on earth, set things straight. We have to make it work. But we also need to bring them to where the people are.

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