Occupational licensure, one of the most significant labor market regulations in the United States, may restrict the interstate movement of workers. We analyze the interstate migration of 22 licensed occupations. Using an empirical strategy that controls or unobservable characteristics that drive long-distance moves, we find that the between-state migration rate for individuals in occupations with state-specific licensing exam requirements is 36 percent lower relative to members of other occupations. embers of licensed occupations with national licensing exams show no evidence of limited interstate migration.
California’s economic engine has slowed somewhat in 2017 and that’s expected to continue in coming years as employers have trouble finding workers in the expensive state, according to a new report.
The latest UCLA Anderson Forecast, released Wednesday, calls for job growth of 1.8% by year’s end, 1.6% in 2018 and 1.2% in 2019. That’s not necessarily a bad thing, economist and forecast director Jerry Nickelsburg said.
Last year was a very good one for the state’s economy. The 3.3 percent gain in economic output in 2016 was more than double that of the nation as a whole and one of the highest of any state.
However, California stumbled during the first half of 2017. California’s increase was an anemic six tenths of one percent in the first quarter compared to the same period of 2016, and 2.1 percent in the second quarter, well below the national rate and ranking 35th in the nation.
The U.S. economy is headed into the final stretch of 2017 powered by one of sturdiest periods of growth in its nine-year expansion, a vigor that is helping drive stock-market indexes to new highs.
With the growth of artificial intelligence (AI), many are worried that we may all be put out of work, replaced by robots. We can stop worrying. We’ll run out of jobs when we run out of goods and services we desire. Which will be never.