"There is obviously a demand for labor, " says labor economist Ashok Khandelwal, who works with unions.
Differential tuition could work similarly to scholarships in terms of incentivizing students to choose certain fields of study, said Brewer, a labor economist who studies education policy.
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Labor economist Vernon Briggs of Cornell University says it's harder to argue for legalizing millions of low-skilled immigrants when many more low-skilled Americans are likely to find themselves out of work.
Friction in the labor market the phrase economists use to describe inefficiencies in matching employers with people looking for jobs might be eased if companies with low-skill, high-turnover jobs make it easier for job seekers to find and apply for openings, said Richard Freeman, a labor economist at Harvard University who has studied online job markets.
That's when the board recruited an unlikely savior: ex-labor union economist Harold Ruttenberg, who suspended the dividend and sold seven divisions -- including voting machines -- to raise cash while negotiating new terms with lenders.
That's when the board recruited an unlikely savior: former labor union economist Harold Ruttenberg, who suspended the dividend and sold seven divisions -- including voting machines -- to raise cash while negotiating new terms with lenders.
The problem is that market forces should lead firms to either lower wages, reduce hiring, or substitute capital for labor, explained the Nomura economist.
The high point has to be Betsey Stevenson, the former chief economist of the Labor Department, expressing the surprising view that U.S. companies used to employ Americans out of generosity.
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"If Mississippi had the same minimum wage as San Francisco, it probably would cause a lot of unemployment, " speculates Eric French, a senior economist specializing in labor and health issues at the Federal Reserve Bank of Chicago.
Much of recent job growth has been in lower-wage industries, notes Martin Kohli, chief regional economist with the Bureau of Labor Statistics in New York City.
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The recent decline in Broome County followed improving economic conditions in New York City and other parts of the U.S., said Christian Harris, an economist with the New York state Labor Department.
Alaska's unemployment rate is high, in large part due to significantly higher seasonal employment than any other state, according to Dan Robinson, an economist with the Alaska Department of Labor and Workforce Development.
Chan, Chase Private Client chief economist, was worried about the declining labor participation rate, which helped push down the unemployment rate, yet is an indication the economy still faces substantial obstacles.
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Betsey Stevenson, an economist at the University of Pennsylvania's Wharton School and former chief economist at the U.S. Labor Department, said that for some women, greater career ambition means less free time and a decline in overall happiness.
Go ahead. (Applause.) Katharine brings a wealth of experience as an economist, as a commissioner of the Bureau of Labor Statistics during the Clinton administration.
Since 1990, clothing prices in the U.S. have risen just 10% compared with an 82% jump in food prices during the same period, according to Jessica Tenvose, an economist with the U.S. Bureau of Labor Statistics, which compiles the Consumer Price Index.
Joshua Feinman, chief economist at Deutsche Bank Asset Management, noted that the Labor Department payroll report indicated fewer hours worked and no signs of an upward trend in wages.
"The ADP has not done a good job of predicting the BLS numbers, " said Scott Brown, chief economist at Raymond James, who predicts the Bureau of Labor Statistics to report an increase of 135, 000 jobs.
Described by 20th-century economist Arthur Lewis, this is the point at which excess labor in low-productivity industries has been fully absorbed into the high-productivity industries.
Greek economist Yanis Varoufakis says that the troika's diagnosis of the labor market is "utterly erroneous" and that the greatest challenge for employers is not a lack of cheap labor but a shortage of demand for their products.
The biggest problem areas, said Harvard University economist Lawrence Katz, are young people who haven't entered the labor force and a large number of people who have applied for long-term disability benefits after losing their jobs.
Economist Jesse Rothstein has a new paper where he constructs a model of teacher labor supply and how it interacts with education reform policies meant to affect teacher quality.
"The momentum in the labor market is slowing, but it's not falling off a cliff, " said Neil Dutta, an economist with Bank of America Merrill Lynch.
As such, steady declines in start-up size, which stretch back more than a decade, could explain the slow labor market recovery following the previous recession in 2001, as well as today, according to Brian Headd, an economist at the SBA's Office of Advocacy.
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