Three papers consider various aspects of the labor market in the telecommunications field in the United States. The first, "Employment and Worker Dislocation in Telecommunications Equipment" (Julie Gorte, Office of Technology Assessment), notes that the increasing importance of international trade in the American economy has meant both a…

Contends that unemployment is an example of market failure. Argues that explaining unemployment from this supply-demand approach is preferable to the traditional explanation that high "real wages" are the cause. Reveals that many prominent economists entered the field because of their concern for the social problems caused by…