Trade Adjustment Assistance (TAA) is a benefit paid to workers who lose their jobs in industries that face increasing competition from imported goods. TAA is supposed to offset political pressures for protectionist legislation, and it has been justified on grounds of equity and efficiency as well. Research on TAA shows that it has failed to aid…

Elements of the "American dream" are adequate housing, education for one's children, and a secure retirement. Economic growth has long been seen as a way to realize the dream. Recent data indicate that achieving the dream and succeeding in the labor market have become more difficult due to sluggish productivity growth, increased competition from…

This report was written for the Technology Policy Task Force of the Committee on Science, Space, and Technology, U.S. House of Representatives. The report examines the nature and history of technological change, its impact on large and small firms and their workers, and its policy implications. The paper stresses that individuals, schools, firms,…