Sentences with phrase «flexible labour supply»

The GIG economy relies on self - employed contractors to provide a flexible labour supply at much lower cost.

Not exact matches

The more flexible the supply side of the economy — the easier it is to re-allocate labour and capital across industries and regions — the less disruptive the adjustment is likely to be.

For all those complexities, though, I still believe that we will cope best with these shocks by sticking with a flexible inflation target, a floating currency and pro-flexibility supply - side policies in labour and product markets.

Looking at the figures for each recession, it's notable that (a) the proportionate rise in the level of unemployment, once the fall in GDP is taken into account, bears some relation to the rise in real wages; (b) there is no consistent difference between supply - side and demand - side recessions; (c) given the long - term costs of unemployment, a flexible labour market becomes extremely important in a recession.