On November 21, Institute economist Brad Hershbein discussed the findings of a study he co-authored—with Lisa Kahn of Yale University—with Gordon Evans on WMUK's WestSouthwest. Hershbein and Kahn show that, after the Great Recession, workers need higher levels of skills and education to be competitive in the labor market. According to Hershbein, during the Great Recession companies changed how they operate, so this demand on workers to upskill is not a temporary phenomenon.
Listen to/read about "WSW: Same job, More Skill Required."
Read "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings," by Brad Hershbein and Lisa B. Kahn