Federal Reserve Bank – Operational Excellence Society https://opexsociety.org Mon, 27 Nov 2023 15:16:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://opexsociety.org/wp-content/uploads/2015/11/cropped-Opex-Favicon-512x512-32x32.png Federal Reserve Bank – Operational Excellence Society https://opexsociety.org 32 32 Supply Chain Disruptions, Trade Costs, and Labor Markets https://opexsociety.org/body-of-knowledge/supply-chain-disruptions-trade-costs-and-labor-markets/ Sun, 26 Mar 2023 11:43:36 +0000 https://opexsociety.org/?p=30335 This post Supply Chain Disruptions, Trade Costs, and Labor Markets appeared first on Operational Excellence Society.

Global supply chain disruptions due to the COVID-19 pandemic have increased the costs of trade between countries. Given the interconnectedness of the U.S. economy with the rest of the world, higher trade costs can have important impacts on U.S. labor markets. A model of the U.S. economy that incorporates variation in industry concentrations across regions...

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