While there is some reason for optimism about the prospects for technological progress, there are grounds for concern over the decline in the dynamism of the U.S. labor market, an attribute that has contributed to productivity growth in the past and has traditionally distinguished the United States from many other advanced economies. Historically, the U.S. labor market has been characterized by substantial geographic mobility.
We will first push forward with short-term tasks, while pooling all of our wisdom to set up measures for restructuring the management system over the medium- to long-term horizon. 8 / 9  My fellow members of the Bank of Korea! Last year was a time in which we devoted strenuous efforts to respond to the coronavirus crisis.