Globalization and Unemployment

Author
Michael Spence
Content Type
Journal Article
Journal
Foreign Affairs
Volume
90
Issue Number
4
Publication Date
Summer 2011
Institution
Council on Foreign Relations
Abstract
Jobs growth was slow in May, renewing pessimism about the U.S. economy. Spence, a Nobel Prize-winning economist writes that economic growth and employment in the United States have started to diverge, increasing income inequality and reducing jobs for less-educated workers.
Topic
Economics, Globalization, Poverty, Labor Issues