In this paper, the authors first discuss the Neumark and Troske piece, and then compare the U.S. context to that in Europe and Korea, as described by the Caspar, Hartwig, and Moench and the Cho and Shin contributions. Although they are in basic agreement with Neumark and Troske on the extent and depth of the current employment situation, they…

There is no doubt that the labor markets and economies of modern societies have been confronted by a marked intensification of cross-border exchange between modern states that has attained a new and previously unattained quality over the past thirty years. In the economic and sociological literature, this development is usually labeled…

Comparisons of wellbeing between the United States and Western Europe generally show that most Americans have higher standards of living than do Western Europeans at comparable locations in their national income distributions. These comparisons of wellbeing typically privilege disposable income and cash transfers while ignoring other aspects of…

The purpose of this hearing was to look for answers to the following questions about the workforce of tomorrow: How will tomorrow's workforce differ from today's? What kind of jobs will tomorrow's employers be looking to fill? What skills will tomorrow's workers need to fill those jobs? And, most importantly, what can be done now to be sure that…