Designing Resilient Labor Markets

Analyze the difference between a labor-market surge and long-term employment resilience. What policies, business practices, education systems, and wage dynamics help convert record-high employment into lasting gains for productivity, job quality, and social mobility? Include the risks that can make headline employment figures misleading, such as underemployment, low participation, demographic change, and sector concentration. Then propose a balanced policy package for a country trying to sustain low unemployment without overheating wages or creating precarious work.