Your Thoughts Matter

economy

Self-employment and local economic performance: Evidence from U.S. counties

Source: JournalistsResource.org

The financial crisis of 2007-08 resulted in widespread job losses, and the task of recovery has proven to be difficult. While the importance of entrepreneurship is well established in economic theory as well as political discourse, there has been a long-term decline in the number of jobs created by newly established firms in the United States.

Job polarization and workers’ response to the decline in middle-skill jobs

Source: JournalistsResource.org

The phenomenon of increasing “job polarization” in the U.S. labor market — a sharper division of work into low- and high-skill categories, with fewer middle-skill jobs left — has been well-documented in academic literature. Technology, globalization and the decline of U.S. manufacturing are often thought to be driving this trend. But the precise dynamics are still being investigated.