Great writeup! Something I always wondered about is whether certain cohorts of workers have especially strong bargaining power to reduce hours. For example, those whose personal expenditures aren't increasing much while their income is growing. Maybe folks in housing-abundant areas that have tight labor markets (Minnesota?). Curious if you had any thoughts there.
Thanks Nilesh! I haven't looked into this specifically but I would also guess that people in areas with lower housing costs might also have more savings and bargaining power (though only in areas where unemployment is already low). I did recently come across a site that aggregates a lot of different economic datasets at the county level (including breakdowns by race and occupation) that might help you find an answer to this: https://blackwealthdata.org/explore/assets
Great writeup! Something I always wondered about is whether certain cohorts of workers have especially strong bargaining power to reduce hours. For example, those whose personal expenditures aren't increasing much while their income is growing. Maybe folks in housing-abundant areas that have tight labor markets (Minnesota?). Curious if you had any thoughts there.
Thanks Nilesh! I haven't looked into this specifically but I would also guess that people in areas with lower housing costs might also have more savings and bargaining power (though only in areas where unemployment is already low). I did recently come across a site that aggregates a lot of different economic datasets at the county level (including breakdowns by race and occupation) that might help you find an answer to this: https://blackwealthdata.org/explore/assets
Interesting, will check this out!