"Indeed, I would be open to the possibility of reducing the fed funds target funds range even further, as a way of producing better labor market outcomes".
The Fed "modestly" reduced the pace of bond buying in light of better labor market conditions, it said in a statement following a two-day policy meeting.
But if these issues can be surmounted, a better educated labor force could help China become an ever more formidable rival to the West.
This is unfortunate, since data show that diversity among STEM (science, technology, engineering, and mathematics) researchers means a better scientific labor force.
Programs that provide a decent social minimum, for example, may protect those who fund them from higher crime rates, or promote higher growth rates, a better educated labor force, and other social goods that benefit them in many ways (Murphy & Nagel 2003, Chapter 4).
Bodman and Le (2013) studied the impact of technology embodied in FDI on the total factor productivity (TFP) of FDI-receiving countries, shedding new light on where the sources of research and development (R&D) spillovers lie and directly addressing the important question of whether more FDI leads to a better trained labor force.
[World Business, Section W.] An Effort to Better Labor's Lot The National Labor Committee, a labor rights group, is pressing companies, including Walt Disney, to upgrade working conditions in Bangladesh.
This instrument should predict different levels of immigration in a given education-experience cell at different points in time for reasons unrelated to better labor market opportunities.
"Even with the better labor market, consumers are cutting back on their driving," Mr. Gamel said.
