A study of the changing face of the American labor market.
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.
Paul Osterman is Nanyang Technological University Professor of Human Resources and Management at MIT's Sloan School of Management. He is coauthor (with Thomas A. Kochan, Richard M. Locke, and Michael J. Piore) of Working in America: A Blueprint for the New Labor Market (MIT Press, 2001). Thomas Kochan is the George M. Bunker Professor at the MIT Sloan School of Management and Codirector of the Institute for Work and Employment Research. He teaches courses on the future of work to MIT students on campus and to the general public through the MITx online platform.He is coauthor (with Paul Osterman, Richard M. Locke, and Michael J. Piore) of Working in America: A Blueprint for the New Labor Market (MIT Press). Richard M. Locke is Class of 1992 Professor of Political Science at the Massachusetts Institute of Technology. Michael J. Piore is Professor in MIT's Economics and Political Science Departments.