The Public Interest

Up from the bottom rung

Marvin H. Kosters

Winter 2005

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?"

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