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Labor market volatility in the meat processing sector

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Udgivet i:Agricultural and Resource Economics Review vol. 54, no. 2 (Aug 2025), p. 372
Hovedforfatter: Collins, LaPorchia A
Andre forfattere: Goodwin, Barry K, A Ford Ramsey
Udgivet:
Cambridge University Press
Fag:
United States > US
Pandemics
Employment
Meat products
Volatility
Food supply
COVID-19
Manufacturing
Meat
Wages & salaries
Labor market
Labor
Supply chains
Processors
Executive orders
Disease transmission
Meat processing
Economic
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Resumen:We consider the effect of labor market volatility on employment and wages in the meat processing sector. The period of study includes the COVID-19 pandemic, which resulted in significant labor market shocks in the sector. We examine the relationship between historical volatility of employment and wages and current employment and wages, focusing on the animal slaughtering and processing sector (NAICS 3116). We utilize county-level data to estimate dynamic panel data models of employment and wages. We find that historical volatility in both employment and wages had a significant negative impact on employment in the sector. In the case of wage volatility, we find that wages are higher following periods of significant wage volatility, suggesting that workers demand higher wages under conditions of market volatility. During COVID, smaller meat processors had lower levels of employment, but a small number of large processors had significantly higher levels of employment. In contrast, wages were higher after COVID-19 for almost all counties included in the analysis. In an aggregate sense, COVID tended to largely reduce employment but increase wages in the meat processing sector.
ISSN:1068-2805
2372-2614
0163-5484
0899-367X
DOI:10.1017/age.2025.10009
Fuente:ABI/INFORM Global