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Up from the bottom rung.(American labor market)

The Public Interest

| January 01, 2005 | Kosters, Marvin H. | COPYRIGHT 2005 The National Affairs, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PITY the poor labor economists. They build their careers studying one of the most complicated bazaars in the economic world--the marketplace for jobs. Not only that, but their labors have become even more high-stakes in recent decades, as an increasingly technological economy seems to be pushing more and more unskilled Americans into poverty. The popular magazine BusinessWeek poses the question this way: "What's happening in the world's richest, most powerful country when so many families seem to be struggling? And what can be done?"

BusinessWeek has a point. On the broadest level, the work of labor economists has a moral dimension. What would it say about the ...

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