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The Black Death, a plague, struck England and other European countries in 1348-1351 killing between 20...

The Black Death, a plague, struck England and other European countries in 1348-1351

killing between 20 to 40 percent of the population. If such an event were to occur

again in modern times, describe and illustrate in detail the potential impacts on

labour markets.

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If the plague like Black Death occurs in the current scenario, the labor markets will be increased as the underutilization of the labor shall seem inevitable. The employment shall decrease. Unlike the Black Death which took over 75 million lives and caused reduction in the availability of labor and increased the wages. In recent times COVID 19 pandemic has struck the whole world leading to a major downfall in the labor market. In the recent scenario, the situation has changed as the plague can now affect the employment rate negatively due to the recession occurring because of it but the labor market shall either be benefitted or shall remain in place.

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