# Professor Michael Spence's research on the labor market and cost of goods is featured

1 Faculty News August 9, 2017 ![The Atlantic logo](/sites/default/files/styles/246w/public/assets/images/con_031336.jpg?itok=T4ciY3Gl)>

Excerpt from [The Atlantic](https://www.theatlantic.com/business/archive/2017/08/restaurant-jobs-boom/536244/) -- "Between 1990 and 2008, 98 percent of new jobs came from so-called 'nontradable' industries that aren't sensitive to international trade, according to the economist [Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence)."

[Read more](https://www.theatlantic.com/business/archive/2017/08/restaurant-jobs-boom/536244/)