Article Title: Help Companies Avoid Layoffs in Recessions
Article Summary
This is an article based on economics and it talks about the importance of mobility versus stability. The author is essentially talking about how in bad times, there are two options:
– The workforce moves to new locations or professions, where there is still an opportunity
– Or the workforce stays in the same location or industry and receives support from governments or companies.
The author essentially points out that neither of these approaches can work in total and then provides a variety of examples, in-depth analysis, and commentary for what happens to the workforce during recessions. Overall, this is a very economics-based article to read and introduces you to plenty of new terms. You should always look forward to encountering such articles and learning from them.
Article Link: Click here to read the full article
Words to learn from this Article:
Interchangeable: (mathematics, logic) such that the arguments or roles can be interchanged
Inevitable: Incapable of being avoided or prevented
Frictionless: Lacking all friction
Payrolls: A list of employees and their salaries
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