Thomas Kochan: It's Time to Act on the Jobs Crisis

Photograph: Margaret Bourke-White/Time & Life Pictures/Getty Images: River-diversion pipes for the Fort Peck Dam project, 1901

From Harvard Business Review Blog Network

America is struggling with the worst jobs crisis since the Great Depression with no clear path toward restoring the jobs lost in the Great Recession and no strategy for overcoming three decades of stagnating wages. Failure to address these twin dimensions of the jobs crisis will doom our children and grandchildren to a declining standard of living.

Unfortunately, just when action is most needed, government remains gridlocked. Politicians are choosing to focus on winning the next election rather than working together.

See the full article at Harvard Business Review Blog Network

Thomas A. Kochan is the George Maverick Bunker Professor of Management at MIT’s Sloan School of Management and a codirector of the Institute for Work and Employment Research

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