4-17 - The Economy Overview The Modern Economy continued...

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Unformatted text preview: The Economy Overview The Modern Economy continued The Modern Economy Economic Restructuring in the U.S. Economic opportunity structure facing American workers is rapidly changing Characterized by two trends: Deindustrialization Rise in contingent employment relations Economic Restructuring in the U.S. Decline in Unionization Important institutional mechanism for advancing the collective interests of workers Steady decline in recent decades Loss of blue collar work Organizing efforts slow to respond to restructuring Economic Restructuring in the U.S. Loss of Ground for the Less Educated Increasingly divergent realities among the more and less educated Primarily driven by changing opportunity structure faced by the less educated Implications of Globalization and Economic Restructuring Uncertainty Reality is one of both displacement and new opportunities Much will depend on how people collectively respond to and shape economic change ...
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