The latest employment statistics did little to allay fears of a jobless recovery in the US — a situation in which GDP growth and corporate profits return to healthy levels, but unemployment remains high. Particularly scary is the specter of ‘structural unemployment’ – joblessness without end for some large group of people who want work, but can’t find it. Writing in The Atlantic, Don Peck describes it as “a pestilence that slowly eats away at people, families, and, if it spreads widely enough, the fabric of society. Indeed, history suggests that it is perhaps society’s most noxious ill.”
Is Digitization Abetting the Jobless Recovery?
The latest employment statistics did little to allay fears of a jobless recovery in the US — a situation in which GDP growth and corporate profits return to healthy levels, but unemployment remains high. Particularly scary is the specter of ‘structural unemployment’ – joblessness without end for some large group of people who want work, […]
January 18, 2011
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Digital Intelligence . Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Excel in a world that's being continually transformed by technology.