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We describe trends in wages and labor force participation for the "working class" - whom we define as workers with high school or less education - compared to those with college or more. We compare cyclical peaks over the entire period 1979-2019, with particular focus on the Great Recession...
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What are the prospects for improving the lot of US workers in the 21st century? This introduction to the topic examines the most important US labor market trends of the late 20th and early 21st centuries, considers their causes and likely future trends; and then explores policies that might...
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In this paper, I review the potential of workforce development programs to help the US get closer to "full employment." First, I provide some background on workforce development in the US, and also on the aggregate employment/labor force issues that workforce programs may or may not address....
Persistent link: https://www.econbiz.de/10014431790
The earned income tax credit provides important benefits to low-income families with children. At substantial costs (over $70 billion to the US federal government), it increases the incomes of such families while encouraging parents to work more by subsidizing their incomes. But low-income...
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The author uses data from a 1992-94 survey of employers in four metropolitan areas to investigate the effects of skill demands, as measured by hiring requirements and job tasks, on the wages and employment of newly hired workers. Skill demands were generally associated with lower employment of...
Persistent link: https://www.econbiz.de/10014225223