Part 1/12:
Understanding the Modern Labor Market: A Historical and Current Perspective
The American labor market has been thrust into the spotlight recently, with headlines echoing concerns about a national labor shortage—8.1 million jobs are available according to the U.S. Bureau of Labor Statistics. However, the reality for many remains stark: it often takes them six to eight months to secure a position, with 62% of Americans grappling with living paycheck to paycheck. This paradox begs the critical question: why does society claim that “no one wants to work anymore”?