Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.

Preface; About the Contributors; Introduction; Part One: Wage Rigidities, Employment Opportunities, and Labour Market Stratification: An Overview; 1. Unemployment and Inflation: An Alternative View 2. A Job Competition Model 3. The Labor Market in Post-Keynesian Theory 4. Is there a Phillips Curve?; Part Two: The Wage Structure and Wage Inflation: A: Rigidities in the Wage Structure: Early Formulations ; 1. Wage Contours 2. Job Clusters 3. Orbits of Coercive Comparison; B: Rigidities in the Wage Structure: Recent Formulations; 1. Pattern Bargaining, Wage Determination, and Inflation: Some Preliminary Observations on the 1976-78 Wage Round 2. Fragments of a Sociological Theory of Wages 3. Pricing Rules; Part Three: Labor Market Structure ; 1. Why the U.S. Unemployment Rate is so High 2. Marginal Workers in Industrial Society 3. The Structure of the Labor Market for Young Men 4. Wage Determination in Low-Wage Labor Markets and the Role of Minimum-Wage Legislation 5. Foreign Workers 6. Work and Welfare