Excerpt from Occupational Unemployment Rates: An Example of Sources of Bias in Analysis of Structural Problems in the Labor Force Unemployment _2, cit. P. 49.skilled laborers rather than fire and rehire them, since the cost of rehiring during the anticipated expansion may exceed the costs of hoarding. Because the cost of hiring unskilled workers is less, fewer unskilled workers will be hoarded, and thus the relative employment of unskilled workers will fall during a recession. About the Publisher Forgotten Books ...
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Excerpt from Occupational Unemployment Rates: An Example of Sources of Bias in Analysis of Structural Problems in the Labor Force Unemployment _2, cit. P. 49.skilled laborers rather than fire and rehire them, since the cost of rehiring during the anticipated expansion may exceed the costs of hoarding. Because the cost of hiring unskilled workers is less, fewer unskilled workers will be hoarded, and thus the relative employment of unskilled workers will fall during a recession. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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