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Working in America: A Blueprint for the New Labor Market

Author

Listed:
  • Paul Osterman

    (Massachusetts Institute of Technology)

  • Thomas A. Kochan

    (Massachusetts Institute of Technology)

  • Richard M. Locke

    (Massachusetts Institute of Technology)

  • Michael J. Piore

    (Massachusetts Institute of Technology)

Abstract

The American labor market faces many deep-rooted problems, including persistence of a large low-wage sector, worsening inequality in earnings, employees' lack of voice in the workplace, and the need of employers to maximize flexibility if they are to survive in an increasingly competitive market. The impetus for this book is the absence of a serious national debate about these issues. The book represents nearly three years of deliberation by more than 250 people drawn from business, labor, community groups, academia, and government. It traces today’s labor-market policy and laws back to the New Deal and to a second wave of social regulation that began in the 1960s. Underlying the current system are assumptions about who is working, what workers do, and how much job security workers enjoy. Economic and social changes have rendered those assumptions invalid and have resulted in mismatches between labor institutions and efficient and equitable deployment of the workforce, as well as between commitments to the labor market and family responsibilities. This book should launch a national dialogue on how to update our policies and institutions to catch up with the changes in the nature of work, in the workforce, and in the economy.

Suggested Citation

  • Paul Osterman & Thomas A. Kochan & Richard M. Locke & Michael J. Piore, 2002. "Working in America: A Blueprint for the New Labor Market," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650622, April.
  • Handle: RePEc:mtp:titles:0262650622
    as

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    Citations

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    Cited by:

    1. Victor Martin-Sanchez & Ignacio Contín-Pilart & Martin Larraza-Kintana, 2018. "The influence of entrepreneurs’ social referents on start-up size," International Entrepreneurship and Management Journal, Springer, vol. 14(1), pages 173-194, March.
    2. Aruna Ranganathan & Ranjitha Shivaram, 2021. "Getting Their Hands Dirty: How Female Managers Motivate Female Worker Productivity Through Subordinate Scut Work," Management Science, INFORMS, vol. 67(5), pages 3299-3320, May.

    More about this item

    Keywords

    labor market; policies; institutions;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies

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