Word: jobbing
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...ways your job will change...
...Hysteresis, Summers explained, could come from all sorts of shocks like this. And that may be what is playing out in the U.S. If you look at the three great job busts of the past 100 years - the 1930s, the early 1980s and today - you find an important difference. The Reagan recession ended with workers returning to jobs that were the same as or similar to the ones they had lost. But 1930s joblessness was structural. The jobs people lost - largely in agriculture - never came back. Workers had to move to the industrial sector, a transition helped by the demands...
...alternative would involve reshaping what it means to work in America. Such a plan would start by changing what it means to be jobless. To begin with, this would require a massive increase in job retraining, one that assured that every laid-off worker had a chance to learn a new skill and years of funding to master it - instead of the six-month shots now generally offered. The Administration's proposal to increase funding to community colleges is a start. But it's only a start. Ideally, the White House needs to propose an omnibus employment-emergency bill that...
...also got to take a careful look at how jobs are created - and what sorts of jobs Americans want to do. The most likely sources of job growth in the next few years are going to be confined to health care, education and restaurant/hospitality services. But we can't nurse, teach and barista our way to real national power. Service jobs alone can't support growth and innovation - which will be essential as we struggle to pay off a historic national debt and fund the retirement of the baby boomers. So in addition to a retraining push, a sensible...
...there really a demand for machinists? Yes - even in a recession. One rough calculation found that about a million high-skilled jobs remain unfilled. This is why a fresh approach to job-making, one that focuses on mastery of skills instead of simple button-pushing, matters. "If we go back to the old ways," says sociologist Richard Sennett, who has probably studied the quality of American working life as thoroughly as any other scholar in the past few decades, "we just go back to a very unsustainable path...