A Jobless Recovery?

The big losers from this economic disaster are workers in the advanced countries that bought into the laissez-faire flexibility of American-style capitalism. As we have learned from the current, finance-driven recession, the view that "flexibility" – weak unionization, limited legal job protection, and high turnover – is the key factor in boosting employment is no longer tenable.

CAMBRIDGE – Who will suffer the longest and the most from the implosion in 2008-2009 of Wall Street and the ensuing world recession?

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