Developed countries have experienced labor employment shifts from the manufacturing sector to the services sector, which is a process termed structural change. We construct a two-sector endogenous ...

Despite a sharp spike in unemployment since March 2020, aggregate wage growth has accelerated. This acceleration has been almost entirely attributable to job losses among low-wage workers. Wage growth ...

CEO Mary Powell highlighted that Q1 2025 exceeded volume and cash generation targets, generating $56 million in cash, marking the fourth consecutive quarter of positive cash generation. The company ...

Explore how fiscal policy and monetary policy drive aggregate demand, influencing economic growth through spending, taxation, and money supply changes.