Description
Book SynopsisThere is a specter haunting advanced industrial countries: structural unemployment. Recent years have seen growing concern over declining jobs, and though corporate profits have picked up after the Great Recession of 2008, jobs have not. It is possible that jobless recoveries could become a permanent feature of Western economies.
Trade Review''The authors deftly integrate sociological, political, and economic perspectives to highlight the major changes in the structure of labor markets that are responsible for the upsurge in the structural unemployment and economic inequality that haunt the contemporary United States.''
Arne L. Kalleberg, University of North Carolina at Chapel Hill
''The Causes of Structural Unemployment is a comprehensive look at the causes of long-term structural unemployment in affluent industrialized nations. It combines and illustrates how individual biographies are tied up to larger social and economic processes - how the single-minded focus on shareholder value and market manipulations destroys the labor market for good jobs.''
Kevin T. Leicht, University of Iowa
"This is a well-researched book with detailed references. It successfully links globalisation to the rise of long-term unemployment in the advanced Western countries."
Political Studies ReviewTable of ContentsTables, Figures, and Boxes viii
Abbreviations x
Acknowledgments xiii
1 Introduction 1
2 Shifting from Manufacturing to Services and Skill Mismatches 26
3 Transnational Corporations Enthralled with Outsourcing and Offshoring 53
4 Technological Change and Job Loss 82
5 Global Trade, Shareholder Value, and Financialization as Structural Causes of Unemployment 113
6 Fixing Structural Unemployment 142
7 Conclusion: Can We Trust Transnational Corporations? 173
Notes 179
References 190
Subject Index 214
Name Index 223
