The covid-19 pandemic in 2020 significantly harm the retail sector as consumers reduced their shopping and spending
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Question:
The covid-19 pandemic in 2020 significantly harm the retail sector as consumers reduced their shopping and spending as the economy recovers in 2021, retail workers are leaving the sector for higher paying jobs and better opportunities. sketch a graph of these changes in the labor market for the retail sector due to workers leaving for other sectors of the economy. Then describe the graph. Determine what is likely to happen to equilibrium wages and quantity of jobs in the labor market for the retail sector.
Related Book For
Strategic Management Text and Cases
ISBN: 978-1259196553
7th edition
Authors: Gregory Dess, Tom Lumpkin, Alan Eisner, Gerry McNamara
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