There is a specter haunting advanced industrial countries: structural
unemployment. Recent years have seen growing concern over declining
jobs, and though corporate profits have picked up after the Great
Recession of 2008, jobs have not. It is possible that "jobless
recoveries" could become a permanent feature of Western economies.
This illuminating book focuses on the employment futures of advanced
industrial countries, providing readers with the sociological
imagination to appreciate the bigger picture of where workers fit in the
new international division of labor. The authors piece together a puzzle
that reveals deep structural forces underlying unemployment: skills
mismatches caused by a shift from manufacturing to service jobs;
increased offshoring in search of lower wages; the rise of advanced
communication and automated technologies; and the growing
financialization of the global economy that aggravates all of these
factors. Weaving together varied literatures and data, the authors also
consider what actions and policy initiatives societies might take to
alleviate these threats.
Addressing a problem that should be front and center for political
economists and policymakers, this book will be illuminating reading for
students of the sociology of work, labor studies, inequality, and
economic sociology.