Why Labor Market Model Falls ShortFor decades, the standard labor market model has been ruled by supply and demand, but a younger generation of labor economists is questioning that approach. Suresh Naidu is a Professor of Economics and International Public Affairs at Columbia University. In this podcast, Naidu and journalist Rhoda Metcalfe discuss why today’s labor market model sometimes fails to reflect the real world.SURESH NAIDULabor | March 2024Labor Market Model Paints an Incomplete PictureThe traditional economic model of how wages are set fails to reflect the real worldSURESH NAIDUSee AlsoMagazine ArchivesCountry FocusBlogs
