The Challenge of Creating Good Jobs
The Challenge of Creating Good Jobs
In the aftermath of the Great Recession, the United States faces a medium-term challenge of restoring full employment and a long-term challenge of creating good jobs. Given economic constraints, it is unlikely that the United States will generate enough manufacturing jobs or enough jobs for highly educated professionals to employ more than a minority in the American workforce. Most jobs in the future will be created in the nontraded domestic service sector. These jobs, traditionally associated with low wages and poor benefits, need to be upgraded so that they can support a new service-sector middle class. To achieve this, American policymakers will need to select tools from a number of alternatives in the arsenal of possible labor market interventions, which include a higher minimum wage, a higher Earned Income Tax Credit, increased unionization, expanded public-sector employment, and an expansion of social insurance.
Keywords: demand, Earned Income Tax Credit, Great Recession, growth, financial crisis, jobs, labor unions, wages, social insurance, unemployment
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
