The U.S. economy started shedding manufacturing jobs and gained services sector jobs in the 1990s, a trend that has largely continued. Why has this been so prevalent and how has it impacted wages and employment levels? Finally, how do employment levels (unemployment rates) impact wage levels?
References
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Neumark, D., & Shirley, P. (2022). Myth or measurement: What does the new minimum wage Research say about minimum wages and job loss in the united states? Industrial Relations: A Journal of Economy and Society, 61(4), 384-417. https://10.1111/irel.12306
Rose, E. L. (2021). The decline of US manufacturing: Issues of measurement. Management and Organization Review, 17(1), 24-28. https://doi.org/10.1017/mor.2020.82Links to an external site.
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