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dc.contributor.authorKochan, Thomas A.en_US
dc.date.accessioned2012-05-16en_US
dc.date.accessioned2012-09-26T12:56:02Z-
dc.date.available2012-09-26T12:56:02Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/64379-
dc.description.abstractIt is widely recognized that human capital is essential to sustaining a competitive economy at high and rising living standards. Yet acceptance of persistent high unemployment, stagnant wages, and other indicators of declining job quality suggests that policymakers and employers undervalue human capital. This paper traces the root cause of this apparent paradox to the primacy afforded shareholder value over human resource considerations in American firms and the longstanding gridlock over employment policy. I suggest that a new jobs compact will be needed to close the deficit in jobs lost in the recent recession and to achieve sustained real wage growth.en_US
dc.language.isoengen_US
dc.publisherW.E. Upjohn Inst. for Employment Research Kalamazoo, Mich.en_US
dc.relation.ispartofseriesUpjohn Institute Working Paper 12-180en_US
dc.subject.jelJ01en_US
dc.subject.jelJ08en_US
dc.subject.jelJ53en_US
dc.subject.ddc330en_US
dc.subject.keywordsocial contracten_US
dc.subject.keywordjobs compacten_US
dc.subject.keywordjob growthen_US
dc.subject.keywordwagesen_US
dc.titleAmerica's human capital paradoxen_US
dc.typeWorking Paperen_US
dc.identifier.ppn715802518en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Upjohn Institute Working Papers, W. E. Upjohn Institute for Employment Research

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