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Exact(2)
However, there is no sound economic reason to delay proposals that would cultivate greater competition in the current system, expand choice for employers and workers, shrink labor costs and stimulate job creation.
Two parliamentary committees have issued a report making a series of recommendations that could have major implications for the business models of tech giants like Uber and Deliveroo which have been able to shrink labor costs by classifying the bulk of their workforce as 'self-employed', thereby avoiding having to fund worker benefits.
Similar(58)
But most of the decline reflects a shrinking labor force rather than new hiring.
Mr. Harris expects tepid economic growth and a shrinking labor market to persist through the fall of 2009.
Shrinking labor forces, weaker social security, and other consequences soon follow.
In recent decades, layoffs were the standard procedure for shrinking labor costs.
The arrangement was a fairly common means of shrinking labor costs in the recession of the early 1980s.
A shrinking labor pool can force employers to raise wages to attract or retain workers, creating inflationary pressures.
Economists cautioned that this bit of seeming good news was the result of a shrinking labor force, rather than the addition of jobs.
Of course, the situation was even worse in 2009 and 2010, when nearly all of the improvement in the jobless rate was from a shrinking labor force.
And costs are likely to continue growing because shrinking labor market opportunities for noncollege-educated workers are likely to continue well past this recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com