![]() | Securing Prosperity: The American Labor Market: How It Has Changed and What to Do about It Subjects: Labor market -- United States; Trade-unions -- United States; Industrial relations -- United States; United States -- Economic conditions -- 1981–; United States -- Economic policy -- 1981–1993; United States -- Economic policy -- 1993–; We live in an age of economic paradox. The dynamism of America's economy is astounding--the country's industries are the most productive in the world and spin off new products and ideas at a bewildering pace. Yet Americans feel deeply uneasy about their economic future. The reason, Paul Osterman explains, is that our recent prosperity is built on the ruins of the once reassuring postwar labor market. Workers can no longer expect stable, full-time jobs and steadily rising incomes. Instead, they face stagnant wages, layoffs, rising inequality, and the increased likelihood of merely temporary work. In Securing Prosperity , Osterman explains in clear, accessible terms why these changes have occurred and lays out an innovative plan for new economic institutions that promises a more secure future. Paul Osterman is Professor of Human Resources and Management at the Sloan School, Massachusetts Institute of Technology. He is the author of Getting Started: The Youth Labor Market and Employment Futures: Reorganization, Dislocation, and Public Policy . He has cowritten and edited several other books and written numerous articles on topics such as labor market policy, job training programs, economic development, anti-poverty programs, and the organization of work within firms. He has been a senior administrator of job training programs for Massachusetts and has been a consultant for government agencies, foundations, community groups, and public interest organizations. |
![hidden image for function call](https://upload.wikimedia.org/wikipedia/commons/c/ca/1x1.png)