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The COVID 19 pandemic in 2020 significantly harmed the retail sector as consumers reduced their shopping and spending. A
Posted: Sun Jun 05, 2022 4:23 pm
by answerhappygod
- The Covid 19 Pandemic In 2020 Significantly Harmed The Retail Sector As Consumers Reduced Their Shopping And Spending A 1 (24.6 KiB) Viewed 45 times
The COVID 19 pandemic in 2020 significantly harmed the retail sector as consumers reduced their shopping and spending. As the economy recovers in 2021, retail workers are leaving the sector for higher paying jobs and better opportunities. Sketch a graph of these changes in the labor market for the retail sector due to workers leaving for other sectors of the economy. Then describe this graph. Determine what is likely to happen to equilibrium wages and quantity of jobs in the labor market for the retail sector.