Labour sector restrictions impact wages and economy in surprising ways
The article explores how people's choices about where to work can impact the economy. By looking at a model with different work sectors, the researchers found that when workers can only work in one sector at a time, it can affect things like wages and trade. They compared this model to one where workers can switch sectors more easily and found that the type of work people do can influence how the economy responds to changes like new technology or government spending.