Bibliograph

Economic turbulence, is a volatile economy good for America?, Clair Brown, John Haltiwanger, and Julia Lane

Type

Label

Economic turbulence, is a volatile economy good for America?, Clair Brown, John Haltiwanger, and Julia Lane

Language

eng

Bibliography note

Includes bibliographical references (pages 177-190) and index

Illustrations

illustrations

Index

index present

Literary Form

non fiction

Main title

Economic turbulence

Nature of contents

bibliography

Oclc number

67392644

Responsibility statement

Clair Brown, John Haltiwanger, and Julia Lane

Review

"Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires angst about unemployment, loss of earnings, and the overall competitiveness of corporations. But is this endless cycle of fluctuation really so bad for America? Might something positive be going on in the economy as a result of it?" "In this work, three economists seek to answer these questions by exploring the real impact of volatility on American workers and businesses alike. According to the authors, while any number of events - shifts in consumer demand, changes in technology, mergers and acquisitions, or increased competition - can contribute to economic turbulence, our economy as a whole is, by and large, stronger for it, because these processes of creation and destruction make it more flexible and adaptable. The authors also acknowledge and document the adverse consequences of this turbulence on different groups of workers and firms and discuss the resulting policy challenges. Basing their argument on an up-close look into the dealings and practices of five key industries - financial services, retail food services, trucking, semiconductors, and software - the authors demonstrate the resiliency of most workers and firms by turning turbulence into new opportunities."--Jacket

Sub title

is a volatile economy good for America?

Table Of Contents

Overview of the book -- Economic turbulence : what, who, and how much? -- The industries -- Firms, their workers, and their survival -- Firm turbulence and job ladders -- Turbulence and worker career paths -- Economic turbulence and middle-income jobs -- Conclusions and implications for policy

Classification

Contributor

Creator