Author Question: With regard to labour markets, to what are economists referring when speaking of "hollowing out"? (Read 103 times)

mt05945 · **on:** Oct 12, 2022

With regard to labour markets, to what are economists referring when speaking of "hollowing out"?
◦ Technological change is displacing workers from the middle of the income distribution, and those workers are now competing for the economy's lowest-paid jobs.
◦ The declining influence of unions has hollowed out union membership in industrialized economies.
◦ The increasing size of the area between the Lorenz curve and the diagonal line, signalling a hollowing out of income.
◦ Income between rich and poor countries has become less equal in the past two decades.
◦ Increasing levels of youth unemployment in economies that were severely affected by the financial crisis of 2008-2009.

RodrickHac · **Reply #1 on:** Oct 12, 2022

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