This work shows how the widespread restructuring of American firms - usually resulting in a reduction of the workforce to cut costs - has had a profound impact on the lives of workers. The book explains how the new relationship requires high skill levels, but does not provide training for them

The need for school-to-work programs or other means of increasing early job market stability is predicated on the view that the chaotic' nature of youth labor markets in the U.S. is costly because workers drift from one job to another without developing skills, behavior, or other characteristics...

This paper attempts to test whether information problems in labor markets can explain why minority or female workers are sometimes paid less than equally-qualified white male workers. In particular, the relationship between starting wages, current performance, and race and sex is studied. OLS...