Structural changes in the labor market have loosened ties between workers and firms.
As a result, finding stable employment has become difficult for many individuals. Workers who lose their jobs often lack the skills to secure other employment. Other workers are underemployed, unable to find work that requires their level of education and skills. Still others piece together a livelihood by holding multiple jobs.
Preserving Jobs Despite the Coronavirus: Encouraging “Labor Hoarding”
A proposal to encourage employers to maintain payrolls to reduce long-run economic damage