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The Hidden Job Crisis for American Men
Keywords:
David Autor, an economist at the Massachusetts Institute of Technology, says he is quite worried about the steadily declining participation of men 16-64 in the labor force from 85% in the decade after World War II to less than 65% today. This is a blow to the men, their families , government revenues and the economy.
How trade policy affects automobile industry and other manufacturing workers and the working class in the U.S.
04/07/2011
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A study by Prof. Petri of Brandeis University, shows economic output going up by 0.4% by 2025 or $77 billion for the U.S. as a result of the TPP agreement. Biologic drugs, with long term patent protection, software engineering services, high tech industry are the winners, losers are the Detroit auto industry facing higher imports, light manufacturing in textiles and paper, and some heavy manufacturing sectors. Douglas Irwin of Datmouth and other experts say it is not clear how much of the benefit will affect consumers and businesses in the U.S. Most of the tariff cut gains are already made and import duties as a percentage of total imports are down to 1.4% today. Experts say 4/5th of the benefits for the U.S. are not from tariff cuts but from new rules for trade in services, and new rules for investment and commerce. The agreement brings together Pacific area countries, including Canada, Australia, New Zealand, Chile, and Japan, Malaysia, Singapore and Vietnam. Agriculture is protected in Canada especially in Quebec, and in Japan, which means tough negotiations to open up this sector. Politically the TPP is a response by the U.S. and Japan to the Infrastructure Investment Bank set up by China with support from Europe and India.
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Trans-Pacific Trade Pact Would Lift U.S. Incomes, but Not Jobs Overall, Study Says
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The job crisis for employment of men in the U.S.
03/14/2009
The participation rate in the job market for men between 16-64 is dropping over time. It was 85% in the 1950's and has dropped continually after each recession. It is now at 65%. More and more men simply drop out of the labor market after failing to find jobs, creating a disturbing trend for the country. This does not show up in improving unemployment statistics.
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Preserving jobs at the local level in America.
03/11/2009
Actions taken at the local level in cities and towns across America to keep jobs and people employed through the crisis.
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With 40% of the unemployed in the U.S. shown as long term unemployed, mismatch in skills and other structural problems with unemployment, the U.S. Federal Reserve policies of Fed chairman Bernanke are geared to addressing this problem.
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Fragility of social cohesion in the U.S. with unemployment concentrated in the lower middle and working classes.
03/11/2009
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
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90 Million Americans Not Working
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The warnings on trade policies by 2010-2011 and sharply shifting public sentiment in the U.S. across all age, income and education groups
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WSJ poll showing the sharply shifting public sentiment on trade in 2011, perceived as hurting American workers, and a study by Autor, Hanson and Dorn, that showed its effect by counties in the U.S., gave early warnings that were not heeded by policymakers.
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Rapid structural shifts in U.S. job openings and a mismatch that will require greater job retraining effort.
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JOLTS and COnference Board job openings figures shows 3 million job openings in February 2009, with mismatch in qualifications of candidates from industries losing jobs (finance, retail, construction) and industries gaining jobs (health care, education, government, accounting). Is the US market becoming less mobile?
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Export of manufacturing jobs from the U.S.
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Incomes, and labor force participation rates in the U.S. for seniors over age 75
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The changing situation for Americans of retirement age.
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Danger of increasing numbers of permanently unemployed workers in the U.S.
04/30/2009
The serious problem of the large proportion of long term unemployed in the total number of unemployed persons in the U.S., with the figure higher than 40% in 2012. More than any downturn in the postwar period the present situation presents the danger of increasing numers of permanently unemployed workers. Retraining become a big issue as some industries like autos are permanently downsized, and others like healthcare and renewable energy which are growing will require retraining.
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It's Still Bad for the Long Term Unemployed
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Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
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Elevated Level of Part-Time Employment: Post-Recession Norm?
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When the Jobless Become the Unemployable
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Benjamin Friedman on high unemployment, income gaps and higher inequality, and the consequences for the social fabric of America
08/06/2010
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The Economy Needs a Bit of Ingenuity
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A Look at the Global One Percent
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The world economy: Wealth without workers, workers without wealth
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How trade agreements hurt workers in the U.S. automobile industry and other manufacturing sectors
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Linked Articles
U.S. Car-Making Boom? Not for Auto-Industry Workers
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The Hidden Job Crisis for American Men
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