The twenty-first century has witnessed a transformation of the
organization, opportunities, and terms of work. Downsizing,
restructuring, and outsourcing are the forces altering employment
relationships throughout the work force. Those who tend to see the
future in a positive light view the evolving role between employer
and employee as empowering for the individual.
This book examines the consequences of economic instability due
to job loss and the displacement of millions of workers. It draws
upon case studies of worker displacement as well as national labor
force surveys. Thomas S. Moore finds that consequences of economic
instability are productivity slowdown, increased disparities in
earnings and income, and higher average unemployment. He assesses
the extent of job loss nationwide, its costs to the individuals
directly affected, and the way in which the incidence of
displacement and earnings loss has shifted over time. Although
drawn from an earlier period, the data have an obvious relevance to
today's labor markets.
Moore argues for an employment and training system that gives
employers an incentive to invest in the skills of their employees.
Federally funded training programs have not improved the earning
ability of displaced and disadvantaged workers, and state-sponsored
programs tend to exclude those most in need of assistance. Moore
suggests direct employer investment in the general skills of
employees. Initially published in a different economic downturn,
this continues to be a must read book for all economists,
sociologists, and policymakers.
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