Labor Markets in the Twentieth Century

Labor Markets in the Twentieth Century
Author: Claudia Dale Goldin
Publisher:
Total Pages: 100
Release: 1994
Genre: Labor market
ISBN:

The study of the labor market across the past hundred years reveals enormous progress and also that history repeats itself and has come full circle in some ways. Progress has been made in the rewards of labor -- wages, benefits, and increased leisure through shorter hours, vacation time, sick leave, and earlier retirement. Labor has been granted added security on the job and more safety nets when unemployed, ill, and old. Progress in the labor market has interacted with societal changes. Women's increased participation in the paid labor force is the most significant. The virtual elimination of child and full-time juvenile labor is another. Two of the most pressing economic issues of our day demonstrate that history repeats itself. Labor productivity has been lagging since the 1970s. It was equally sluggish at other junctures in American history, but the present has unique features. The current slowdown in the United States has been accompanied by a widening in the wage structure. Rising inequality is a far more serious problem because of the coincidence. The wage structure was as wide in 1940 as today but there is, to date, no hard evidence when it began its upward trend. The wage structure has, therefore, come full circle to what it was more than a half century ago. Union strength has also come full circle to that at the turn of this century.

Labor in the Twentieth Century

Labor in the Twentieth Century
Author: John Thomas Dunlop
Publisher: New York : Academic Press
Total Pages: 352
Release: 1978
Genre: Business & Economics
ISBN:

Labor in the Twentieth Century.

Emerging Labor Market Institutions for the Twenty-First Century

Emerging Labor Market Institutions for the Twenty-First Century
Author: Richard B. Freeman
Publisher: University of Chicago Press
Total Pages: 338
Release: 2007-09-01
Genre: Business & Economics
ISBN: 0226261581

Private sector unionism is in decline in the United States. As a result, labor advocates, community groups, nongovernmental organizations, and individuals concerned with the well-being of workers have sought to develop alternative ways to represent workers' interests. Emerging Labor Market Institutions for the Twenty-First Century provides the first in-depth assessment of how effectively labor market institutions are responding to this drastically altered landscape. This important volume provides case studies of new labor market institutions and new directions for existing institutions. The contributors examine the behavior and impact of new organizations that have formed to solve workplace problems and to bolster the position of workers. They also document how unions employ new strategies to maintain their role in the economic system. While non-union institutions are unlikely to fill the gap left by the decline of unions, the findings suggest that emerging groups and unions might together improve some dimensions of worker well-being. Emerging Labor Market Institutions is the story of workers and institutions in flux, searching for ways to represent labor in the new century.

Out of Work

Out of Work
Author: Richard K Vedder
Publisher: NYU Press
Total Pages: 407
Release: 1997-07-01
Genre: Business & Economics
ISBN: 0814788335

Argues the cause of unemployment may be the government itself Redefining the way we think about unemployment in America today, Out of Work offers devastating evidence that the major cause of high unemployment in the United States is the government itself.

Labor Markets and Business Cycles

Labor Markets and Business Cycles
Author: Robert Shimer
Publisher: Princeton University Press
Total Pages: 189
Release: 2010-04-12
Genre: Business & Economics
ISBN: 1400835232

Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.

The Cambridge Economic History of the United States

The Cambridge Economic History of the United States
Author: Stanley L. Engerman
Publisher: Cambridge University Press
Total Pages: 1046
Release: 1996
Genre: Business & Economics
ISBN: 9780521553070

This three volume work offers a comprehensive survey of the history of economic activity and economic change in the United States, and in those regions whose economies have at certain times been closely allied to that of the US.

Good Jobs, Bad Jobs

Good Jobs, Bad Jobs
Author: Arne L. Kalleberg
Publisher: Russell Sage Foundation
Total Pages: 309
Release: 2011-06-01
Genre: Political Science
ISBN: 1610447476

The economic boom of the 1990s veiled a grim reality: in addition to the growing gap between rich and poor, the gap between good and bad quality jobs was also expanding. The postwar prosperity of the mid-twentieth century had enabled millions of American workers to join the middle class, but as author Arne L. Kalleberg shows, by the 1970s this upward movement had slowed, in part due to the steady disappearance of secure, well-paying industrial jobs. Ever since, precarious employment has been on the rise—paying low wages, offering few benefits, and with virtually no long-term security. Today, the polarization between workers with higher skill levels and those with low skills and low wages is more entrenched than ever. Good Jobs, Bad Jobs traces this trend to large-scale transformations in the American labor market and the changing demographics of low-wage workers. Kalleberg draws on nearly four decades of survey data, as well as his own research, to evaluate trends in U.S. job quality and suggest ways to improve American labor market practices and social policies. Good Jobs, Bad Jobs provides an insightful analysis of how and why precarious employment is gaining ground in the labor market and the role these developments have played in the decline of the middle class. Kalleberg shows that by the 1970s, government deregulation, global competition, and the rise of the service sector gained traction, while institutional protections for workers—such as unions and minimum-wage legislation—weakened. Together, these forces marked the end of postwar security for American workers. The composition of the labor force also changed significantly; the number of dual-earner families increased, as did the share of the workforce comprised of women, non-white, and immigrant workers. Of these groups, blacks, Latinos, and immigrants remain concentrated in the most precarious and low-quality jobs, with educational attainment being the leading indicator of who will earn the highest wages and experience the most job security and highest levels of autonomy and control over their jobs and schedules. Kalleberg demonstrates, however, that building a better safety net—increasing government responsibility for worker health care and retirement, as well as strengthening unions—can go a long way toward redressing the effects of today’s volatile labor market. There is every reason to expect that the growth of precarious jobs—which already make up a significant share of the American job market—will continue. Good Jobs, Bad Jobs deftly shows that the decline in U.S. job quality is not the result of fluctuations in the business cycle, but rather the result of economic restructuring and the disappearance of institutional protections for workers. Only government, employers and labor working together on long-term strategies—including an expanded safety net, strengthened legal protections, and better training opportunities—can help reverse this trend. A Volume in the American Sociological Association’s Rose Series in Sociology.

Employing Bureaucracy

Employing Bureaucracy
Author: Sanford M. Jacoby
Publisher: Psychology Press
Total Pages: 315
Release: 2004
Genre: Business & Economics
ISBN: 0805844090

The present revised edition is an attempt to understand how industrial labor was transformed and to identify the historical process by which good jobs were created. It is, therefore, an account of the bureaucratization of employment, since many of the features that define good jobs; stability, internal promotion, and rule-bound procedures are characteristic of bureaucratic organizations. The book also examines the upheaval in the labor markets of the 1980's and 1990's, which has caused a reduction in the number of good jobs. Chapter 9 in this revised edition carries the narrative forward from 1945 to the present time, examining both the high-point of the bureaucratic system in the 1950's and 1960's--the golden years--and its erosion since then.

Career and Family

Career and Family
Author: Claudia Goldin
Publisher: Princeton University Press
Total Pages: 344
Release: 2023-05-09
Genre: Business & Economics
ISBN: 0691228663

In this book, the author builds on decades of complex research to examine the gender pay gap and the unequal distribution of labor between couples in the home. The author argues that although public and private discourse has brought these concerns to light, the actions taken - such as a single company slapped on the wrist or a few progressive leaders going on paternity leave - are the economic equivalent of tossing a band-aid to someone with cancer. These solutions, the author writes, treat the symptoms and not the disease of gender inequality in the workplace and economy. Here, the author points to data that reveals how the pay gap widens further down the line in women's careers, about 10 to 15 years out, as opposed to those beginning careers after college. She examines five distinct groups of women over the course of the twentieth century: cohorts of women who differ in terms of career, job, marriage, and children, in approximated years of graduation - 1900s, 1920s, 1950s, 1970s, and 1990s - based on various demographic, labor force, and occupational outcomes. The book argues that our entire economy is trapped in an old way of doing business; work structures have not adapted as more women enter the workforce. Gender equality in pay and equity in home and childcare labor are flip sides of the same issue, and the author frames both in the context of a serious empirical exploration that has not yet been put in a long-run historical context. This book offers a deep look into census data, rich information about individual college graduates over their lifetimes, and various records and sources of material to offer a new model to restructure the home and school systems that contribute to the gender pay gap and the quest for both family and career. --