There Remains Underlying Damage to the U.S. Labor Market: Jed Kolko

The transcript discusses the impact of the pandemic on unemployment, particularly in the service sector, and the challenges of recovery. It highlights the disparities in employment due to childcare issues, especially affecting mothers. The discussion also covers shifts in the labor market, with a focus on job types and wage growth, and compares the labor market responses in the US and Europe.

How might the recovery of the labor market be affected by the availability of childcare?

What evidence suggests that labor supply constraints are not the main issue in the current job market?

What are the implications of compositional shifts in employment on wage growth post-pandemic?