This week’s first Post of the Edge is dedicated to an untold important issue in Economics or Macroeconomics: the Labour Market. Specifically the Manufacturing sector of the US economy. It is maybe unnecessary to stress the importance of this for the Economic performance, not only of the US economy but also of the so-called Western economies wich comprises the European Union and the Euro zone in particular.
As FT’s Alphaville US correspondent Cardiff Garcia tells us in this video the dynamics of Manufacturing labour market are complex. But they might play a significant role in the present, and future economic recovery specially the promotion of jobs in the Construction sector. Then Garcia rightly point the raging debate about income inequality due to declining productivity and jobs prospects both for the Manufacturing and Construction sectors.
The take away: difficult compromise between economic recovery and just and equal Labour Markets.