According to advocates for the new approach, what must explicit interventions favor regarding labor market outcomes?
Answer
High wages, strong benefits, and workforce training.
Advocates for modern industrial policy design interventions that explicitly favor labor market outcomes such as high wages, strong benefits, and robust workforce training.
Related Questions
Why is the conversation surrounding industrial policy experiencing a powerful resurgence?What do skeptics argue often happens when industrial policy devolves into politically motivated decisions?What market failures do proponents argue unfettered competition ignores?What is a major contemporary theme shifting the goals of industrial policy away from older models?According to advocates for the new approach, what must explicit interventions favor regarding labor market outcomes?How can industrial policy lift productivity according to proponents?What inherent risks must approaches aimed at boosting productivity be tempered by awareness of?What older paradigm is modern industrial policy advised to move away from?What two types of expertise must a viable modern industrial policy career track often combine?What analytical characteristic is key to modern industrial policy, shifting focus from centralized command?What can a poorly defined industrial policy that lacks exit strategies easily become a mechanism for?