RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT
This paper was prepared for the Harvard Business School’s Competitiveness Summit, November 28-29, 2011. A shorter version published in Harvard Business Review March 2012, vol. 90, Issue 3, p.64-72.
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| Format: | Article |
| Language: | en_US |
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2012
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| Online Access: | http://hdl.handle.net/1721.1/69870 https://orcid.org/0000-0001-9756-8580 |
| _version_ | 1826209179941994496 |
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| author | Kochan, Thomas Anton |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Kochan, Thomas Anton |
| author_sort | Kochan, Thomas Anton |
| collection | MIT |
| description | This paper was prepared for the Harvard Business School’s Competitiveness Summit, November 28-29, 2011. A shorter version published in Harvard Business Review March 2012, vol. 90, Issue 3, p.64-72. |
| first_indexed | 2024-09-23T14:18:28Z |
| format | Article |
| id | mit-1721.1/69870 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T14:18:28Z |
| publishDate | 2012 |
| record_format | dspace |
| spelling | mit-1721.1/698702022-09-29T08:34:38Z RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT Kochan, Thomas Anton Sloan School of Management Kochan, Thomas Anton Kochan, Thomas Anton This paper was prepared for the Harvard Business School’s Competitiveness Summit, November 28-29, 2011. A shorter version published in Harvard Business Review March 2012, vol. 90, Issue 3, p.64-72. It’s generally understood that the United States can’t be competitive—and won’t be able to support high, and rising, living standards—without a well-trained, well-paid, and continuously improving workforce that can compete with the best that other countries have to offer.Yet, at all levels of the economy, we behave as if we don’t believe this: firms value short-term profits over investment in the workforce; federal policymakers tolerate high, persistent unemployment and underemployment; wages for most of the workforce have stagnated for three decades, despite gains in productivity; unions have become a convenient scapegoat despite their sharp decline in influence; and job satisfaction nationally has declined steadily over the past decade. Why this human capital paradox? At one level, the reasons are complex—and, as a result, there can be no single, silver-bullet solution. At another level, though, we’re looking at a simple market failure, and a not-so-simple institutional one. Let’s start with the market failure. 2012-03-26T21:00:46Z 2012-03-26T21:00:46Z 2012-03 2011-11 Article http://purl.org/eprint/type/JournalArticle 0017-8012 http://hdl.handle.net/1721.1/69870 Kochan, Thomas A. "Resolving America's Human Capital Paradox: A Jobs Compact for America's Future." November 2011. https://orcid.org/0000-0001-9756-8580 en_US Creative Commons Attribution-Noncommercial-Share Alike 3.0 http://creativecommons.org/licenses/by-nc-sa/3.0/ application/pdf Prof. Kochan |
| spellingShingle | Kochan, Thomas Anton RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT |
| title | RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT |
| title_full | RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT |
| title_fullStr | RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT |
| title_full_unstemmed | RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT |
| title_short | RESOLVING AMERICA’S HUMAN CAPITAL PARADOX: A PROPOSAL FOR A JOBS COMPACT |
| title_sort | resolving america s human capital paradox a proposal for a jobs compact |
| url | http://hdl.handle.net/1721.1/69870 https://orcid.org/0000-0001-9756-8580 |
| work_keys_str_mv | AT kochanthomasanton resolvingamericashumancapitalparadoxaproposalforajobscompact |