On PBS’ NewsHour, business correspondent Paul Solman sat down with sociologist Sudhir Venkatesh to talk about how even though the economy is inching toward ‘recovery’ the perils of jobless and job-seeking Americans suggest a need for new metrics to evaluate economic recovery.
Solman reports:
According to Venkatesh, the days of a company giving someone a job for 10 years may be over; many American companies don’t know where they themselves will be in six months to a year. Instead, as companies hire more people for shorter periods of time, on a contract or freelance basis, we’ll need better ways to evaluate how this type of employment fits within our models of economic recovery.
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