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Wednesday, September 14, 2011

The late American jobs machine

The late American jobs machine � Consider the Evidence:

The following paragraph sums up the problem. Management has more leverage versus employees.

What caused this collapse of the American jobs machine? I think the most convincing explanation is a shift in management’s incentives and in its leverage relative to employees. According to Robert Gordon, this has its origins in the 1980s and 1990s but emerged in full force in the early 2000s:

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