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1、1AUGUST2011TheUSemploymentchallenge:PerspectivesfromCarlCamdenandMichaelSpenceTheCEOofaglobalstaffingfirmandaNobellaureateeconomistdiscussthechangingfaceofUSemploymentandtheobstaclestojobcreation.2TheUSeconomyhaslostsevenmillionjobssince2007andremainsinthegripofaweaka
2、ndlargelyjoblessrecoverythatcouldtakefivemoreyearstorestoreprerecessionlevelsofemployment,McKinseyresearchindicates.Inthisvideo,twoexpertsexaminethejobsissuefromtwodifferentvantagepoints.CarlCamden,CEOofKellyServices,aglobalstaffingcompanythatmanagesexternalworkforces
3、forcorporationsaroundtheworld,describesfundamentalchangesthathaveoccurredinthenatureofwork.Inresponsetoglobalizationandfast-changingtechnology,entirecategoriesofjobscannowdisappearwithbreathtakingrapidity.Thathasledtoabigexpansionworldwideinthenumberofpeoplewhoworkund
4、ernewformsofemployment:part-time,temporary,contract,evenfractionalworkerswhoputintheirhourswhereandwhentheycan.ButwhiletheUSworkplacehaschanged,Camdenarguesthattaxandbenefitpolicieshavefailedtokeepup.MichaelSpence,recipientofthe2001NobelPrizeinEconomicsandauthorofTheN
5、extConvergence:TheFutureofEconomicGrowthinaMultispeedWorld(Farrar,StrausandGiroux,May2011),seesstructuralchangesintheeconomythatpresentmajorchallengestojobcreation.Alossofmiddle-classjobsinthetradablesector—mostlymanufacturing—wasoffsetlargelybyjobsinthenon-tradableor
6、servicesectorduringthehousingbubble,thankstodebt-fueledconsumerspending.Whenthatbingeended,manyofthoseservicejobsdisappearedaswell.Fillingthevoidwillbeneithereasynorquick.HearwhatthesetwoexpertshavetosayaboutjobsinAmerica.KellyServicesCEOCarlCamdenonthefutureofworkFre
7、e-agentnationWhatwedonothavetakingplaceinthepolicydebatesinthiscountryisarecognitionofafundamentalshiftinemployment.Today,joblifecycleshavebecomeincrediblyshort.Theabilityofajobtoappearanddisappear,eitherintermsofalocationorawholecategoryofjobslikebanktellers,asanexam
8、ple,isvery,veryrapid.Sojobsaren’tpermanent,locationsaren’tpermanent,andworkersarereturningbacktowhatIwouldcallafree-agenttyp
