This document contains two essays: "Toward a High-Wage, High-Productivity Service Sector" by Lester Thurow; and "Service Sector Wages, Productivity and Job Creation in the U.S. and Other Countries" by Louise Waldstein. The first essay analyzes the recent and currrent U.S. economy under headings called Growth Nodes, Falling…

This bulletin examines the labor market experience of youth in the United States and eight other industrial countries from the early 1960s to the late 1970s. The analysis focuses upon unemployment, the most visible and measurable form of labor underutilization. The report highlights the size of the youth unemployment problem and discusses some of…

A representative survey of over 30,000 people aged 16-64 years across the 15 member states of the European Union and Norway sought Europeans' preferences for increasing or reducing the number of hours worked per week. Key finding included the following: (1) 51% preferred to work fewer hours in exchange for lower earnings while 12% preferred to…