The federal government must undertake action to direct and speed the transitions of dislocated workers to new employment. Dislocated workers comprise only 1 or 2 percent of the nation's 11 million currently unemployed workers. Cyclical macroeconomic factors are responsible for the high unemployment rate, not structural factors such as new…

This working paper, part of a project on the applicability of the French training system in the United States, argues that a systematic national commitment to midcareer worker retraining is necessary for American prosperity and international economic competitiveness. Although findings of the early human capital theorists demonstrated that an…