Macroeconomics case study of electrical contractor employment

You will do a “case study” of Electrician employement. What this means is you will examine a specific macroeconomic factor or event that had an effect on your market and examine what the impact was.
For example, you might look at (these are just some examples and by no means are meant to be an exhaustive list):
• A decline in the level of employment caused by COVID-19
• The impact of fiscal policy expansion caused by a tax cut or a spending increase
• The impact of the 2008-2009 recession. Or any other recession.
• A rise in interest rates caused by monetary policy
Whatever macroeconomic factor or event you choose, you should seek to examine the following:
• Find either data or a journalistic story depicting some macroeconomic shock that impacted your market. • Describe some of what led to this macroeconomic factor or event – a bit of background on why this macroeconomic shock happened.
• What impact did this factor or event have on your market? Did anything happen to supply? Demand? Wages or industry output? How did the market change?
So, what caused this drop in electrician employment? Are these electricians or other types of contractors? Is it that electrical contractors just became less valuable– demand fell because of the desire for these workers? Or is something else going on that caused the drop in demand? Or is it supply– some workers decided not to offer their labor resources any longer? And given your diagnosis of the issue, is there an economic policy you believe should be used to address the issue? What is it? Why do you advocate for this policy? Your answers should be based on the information gathered– not just your assumptions about what’s going on

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