The Economist (US), March 12th, 1994
Pres Clinton and Labor Sec Robert Reich hope to make American workers more competitive with a huge new commitment to federal job training. However, the European experience with such programs is decidedly mixed. Governments can do less to combat long-term unemployment trends than Clinton and Reich think.
A HIGH-SKILLS, high-wage economy . . . Just mumbling the phrase is enough to fill a lot of otherwise level-headed people with a sense of well-being. This is not only because both qualifiers sound rather nice--hands up those in favour of low skills and low wages-- but also because the formula p...
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