Interview Erica Groshen

The video discusses the impact of the pandemic on the labor market, highlighting issues such as labor force participation, sectoral disparities, and the need for an inclusive recovery. It emphasizes the importance of employer strategies to address skills gaps and the role of wages and work conditions in attracting workers. The discussion also covers the significance of childcare and elder care in supporting labor market dynamics.

What is one reason for the lower job creation in leisure and hospitality sectors?

• Increased automation

• Pandemic-related effects

• Lack of skilled workers

• Higher taxes

Which group has seen the largest decline in employment to population ratio?

• Middle-aged workers

• High school graduates

• Young professionals

• College graduates

What is a common screening mechanism used by employers that may contribute to an uneven recovery?

• Technical skills

• Age limit

• College degree requirement

• Work experience

What is one strategy employers can use to close the skills gap?

• Hiring only college graduates

• Focusing on existing employees

• Increasing work hours

• Reducing salaries

How can higher wages impact the labor market recovery?

• They can slow down recovery

• They have no impact

• They lead to more automation

• They can attract more workers

What is a key factor in balancing work and home life according to the discussion?

• Flexible work hours

• Affordable childcare

• Shorter work weeks

• Remote work options

What is an important consideration for companies regarding work-from-home policies?

• Reducing office space

• Ensuring employee presence in office

• Providing high-quality childcare

• Increasing work hours