Undertrained workers, not dislocated workers, are the real problem in the American economy. The vast majority of the workers affected by structural change in the American economy appear to make employment transitions fairly swiftly and smoothly, with no need for public intervention. Undertrained workers, mostly employed and scattered in all…

A survey of French research by CEREQ ("A French research centre for analysis of occupations and of vocational education and training") shows that firms have undertaken a number of experiments, most of them large scale, to retrain their work force. These initiatives are situated within a general context of change. Training programs based…