Blanchflower, David G.; Bryson, Alex; Spurling, Jackson - 2022
stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since … the Great Recession. Instead, we show rates of under-employment (the percentage of workers with part-time hours who would … prefer more hours) and the rate of non-employment which includes both the unemployed and those out of the labor force who are …