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There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
The impact factor (IF) or journal impact factor (JIF) of an academic journal is a scientometric index calculated by Clarivate that reflects the yearly mean number of citations of articles published in the last two years in a given journal, as indexed by Clarivate's Web of Science.
Another factor that may have contributed to the trend was the Equal Pay Act of 1963, which aimed at abolishing wage disparity based on sex. Such legislation diminished sexual discrimination and encouraged more women to enter the labor market by receiving fair remuneration to help raise children.
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
The price is set at the market level through the interaction of supply and demand. The firms can sell as much of the product as they want at the set price since they are price-takers. There are several examples of how factor markets can affect economic outcomes. One example is the impact of labor market regulations on unemployment rates.
The deregulation of the labor market undermined unions by allowing the real value of the minimum wage to plummet, resulting in employment insecurity and widening wage and income inequality. [202] David M. Kotz, professor of economics at the University of Massachusetts Amherst , contends that neoliberalism "is based on the thorough domination of ...
Although this has contributed to the rise of income inequality in the U.S. it is a minor factor compared to the relatively rapid rise in income and wealth by the top 1%. [3] Employment and economic polarization is widespread across industrialized economies; it is not a uniquely American phenomenon.
It covers various aspects of labor economics, including supply and demand of labor services, personnel economics, distribution of income, unions and collective bargaining, and labor markets and demographics. It is an official publication of the Society of Labor Economists. The Journal was first published in January 1983.