The essential assumption is that the labor market is dual. In this model, we explore what kinds of changes in the economy flatten the Phillips curve. The level of bargaining power of workers, the ...

“When the labor supply curve is nearly vertical ... As a result, strategists expect the S&P 500 stock market index to drop to 3,750 during the next recession. “Such a drop would bring the ...

"We know that over the next three to six months, we're going to see some of the disruptive effects in Washington start to show up in both the economy and in the labor market," Brusuelas said.