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Working and Living in the Shadow of Economic Fragility$
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Marion Crain and Michael Sherraden

Print publication date: 2014

Print ISBN-13: 9780199988488

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199988488.001.0001

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The Challenge of Creating Good Jobs

The Challenge of Creating Good Jobs

Chapter:
(p.213) 12 The Challenge of Creating Good Jobs
Source:
Working and Living in the Shadow of Economic Fragility
Author(s):

Michael Lind

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199988488.003.0012

In the aftermath of the Great Recession, the United States faces a medium-term challenge of restoring full employment and a long-term challenge of creating good jobs. Given economic constraints, it is unlikely that the United States will generate enough manufacturing jobs or enough jobs for highly educated professionals to employ more than a minority in the American workforce. Most jobs in the future will be created in the nontraded domestic service sector. These jobs, traditionally associated with low wages and poor benefits, need to be upgraded so that they can support a new service-sector middle class. To achieve this, American policymakers will need to select tools from a number of alternatives in the arsenal of possible labor market interventions, which include a higher minimum wage, a higher Earned Income Tax Credit, increased unionization, expanded public-sector employment, and an expansion of social insurance.

Keywords:   demand, Earned Income Tax Credit, Great Recession, growth, financial crisis, jobs, labor unions, wages, social insurance, unemployment

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