In 2019, 163.5 million workers were in the U.S. labor force, of which 6.0 million were unemployed.

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In 2019, 163.5 million workers were in the U.S. labor force, of which 6.0 million were unemployed. In view of these facts, how can economists say that labor is a scarce resource?

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Contemporary Labor Economics

ISBN: 9781260570625

12th Edition

Authors: Campbell McConnell, Stanley Brue, David Macpherson

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Question Posted: Mar 23, 2024 12:00 AM

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In 2019, 163.5 million workers were in the U.S. labor force, of which 6.0 million were unemployed.

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Economists consider labor to be a scarce resource despite the relatively large number of workers in ...View the full answer

Contemporary Labor Economics

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