Electronic/World Wide Web>Internet Article:  Rosalsky, Greg (November 2, 2021), How American leaders failed to help workers survive the 'China Shock', Retrieved on 2021-11-04
  • Source Material [www.npr.org]
  • Folksonomies: economics

    Memes

    04 NOV 2021

     People Stay in Communities After Jobs Disappear

    Surprisingly (to economists, anyway), even though these communities remain decimated, many people have still refused to leave them. Autor, Dorn and Hanson find that it was only foreign-born workers and native workers ages 25 to 39 who were likely to leave. Everyone else basically stayed, even if the economic rug was pulled out from under them. It contradicts the standard economic model, which says people will rationally move to where better opportunities present themselves. Why did so many p...
    Folksonomies: economics
    Folksonomies: economics
      1  notes