Attracting the right businesses: How policymakers can foster local labour market stability

How can workers escape low-wage jobs and make a career advancement, without having to reskill or move? And what structure does the local labour market has to have in order to do so? In this episode we talk to Zoltán Elekes, researcher at CERUM about the importance of access to skill-related high-income jobs in the local labour market. We also talk about how local policymakers will know what kind of businesses to attract in order to create a stable labour market. The free-to-use web application for exploring the economic structures and diversification options of local labour markets in Sweden can be found at this link.