Academic journal article Monthly Labor Review

September Review

Academic journal article Monthly Labor Review

September Review

Article excerpt

Earlier this month, the annual meeting of the National Association of Business Economists devoted an hour-long session to discussing where workers will come from to maintain high rates of economic growth. For individual firms, the answer might be persons who are already employed. According to the lead article by Joseph R. Meisenheimer and Randy E. Ilg, there were almost as many jobseekers among the employed as among the unemployed in February 1999. The most likely employees to be looking for a new job were younger, more highly educated workers, especially if their current jobs did not offer health insurance or retirement benefits.

Another potential source of labor supply is the teenaged cohort. The population aged 16 to 19 has been growing at about a 300,000 per year clip after dropping to a low of about 13.8 million in 1992. Examining the contributions of employed teens to family income and spending, David S. …

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