The Workweek: A Round-Up of Labor Market Links for the Week Ending 11/4/16

This week’s labor market news on the tight labor market, how the rich get richer and Baltimore's new minimum wage

Welcome back to The Workweek, the Indeed Hiring Lab’s round-up of the latest research, news, and perspectives that made us think deeply or differently about the labor market this week. It’s your guide to the most important new insights about work.

Here are our picks for this week:

Young Immigrants and a Growing Economy

Many economists believe that the aging of the US population — nearly a quarter of the country is expected to be older than 65 by 2050 — is a likely explanation for slower economic growth in the US. Ben Casselman of FiveThirtyEight explains how robust immigration has thus far helped to keep the economy afloat, and could be even more vital in the future. (FiveThirtyEight)

Why it Really is Harder to Get a Job These Days

The past three US recessions were followed by recoveries in which employment bounced back much more slowly than overall economic output. New research pins “upskilling” — when companies take advantage of recessions by hiring only the best from an excess of available workers — as part of the explanation for these jobless recoveries.  (The Washington Post)

US Services Sector Booms, Productivity Not So Much

A favorite new pastime of some economists is to debate the reasons for the slowing productivity growth that has plagued the US economy in recent years. Some argue that the US economy’s shift toward a service-based economy is liable for the lion’s share of slowing productivity growth, as services are much more difficult to innovate than good old manufacturing. (The Wall Street Journal)

Brexit Means Immigration Control? Not so Fast

One of the rallying cries for those in favor of the Brexit was the call for the UK to take back control of its borders by limiting the amount of migrant workers allowed to enter. Economist Jonathan Portes takes a sober look at the facts behind what the UK can actually control in regard to its borders, and separates myth from reality. (London School of Economics)

The Cost of Uneven Access to Job Matching Technology  

Despite a wealth of new technology emerging over the past decade, a report from JPMorgan Chase reports that there is still ground to be gained in matching workers to the right job. According to the report, the crux of the issue is that many job seekers of lower income and education rates either do not have access or the ability to use many of the new online resources. This friction in the job search process exerts a considerable cost to both job seekers who struggle to find work and employers that find hiring difficult. (JP Morgan)