Preface
    Acknowledgments
    Introduction

Part One
Work, Wages and Unemployment
Chapter 1: The Supply of Labor

    1. A New Terminology
    2. Labor and Leisure
    3. Prices, Wages, and Physical Force
    4. Population Growth
    5. The Participation Rate
    6. Hours of Work
    7. Spreading the Work
    8. Education and Labor
    9. Markets and Mobility
Chapter 2: The Demand for Labor
    1. Labor as a Means
    2. The Productivity of Labor
    3. Temporary Unemployment
    4. Institutional Unemployment
    5. Production Barriers
    6. Price Controls
    7. Inflation
    8. Labor Unions
Part Two
Political Barriers
Chapter 3: Minimum Wages
    1. The Home-Work System
    2. The Victims
    3. The Beneficiaries
    4. Wages and Benefits
    5. Extension of Coverage
    6. Indexing the Minimum
    7. Offsetting the Minimum
    8. From the World of Politics
Chapter 4: The Davis-Bacon Act
    1. "Prevailing" Wage Rates
    2. Gross Racism
    3. The Great Depression
    4. Remarkable Longevity
Chapter 5: Benefit Mandates
    1. Fringe Benefits
    2. Labor Legislation
    3. Old and New Benefits
    4. Social Security
    5. Unemployment Compensation
    6. Workmen's Compensation, OSHA, ERISA and EEOC
Chapter 6: Unemployment Compensation
    1. The Rationale
    2. Social Welfare and Private Charity
    3. Automatic Economic Stabilizers
    4. Skills and Training
    5. Employer Incentive
    6. Employee Disincentive
    7. Invitation to Deceit and Fraud
Chapter 7: Inflation
    1. From John Law to John Keynes
    2. The Phillips Curve
    3. Strategem of Deceit
    4. Extraneous Force
    5. Illusions of Income and Wealth
Chapter 8: Business Cycles
    1. Doctrines and Theories
    2. The Complexities of Division of Labor
    3. The Capitalistic System
    4. Government Intervention
    5. The Labor Market as Affected by Cycles
    6. Common Cause
    7. Automatic Stabilizers
Chapter 9: Taxation
    1. Fiscal and Economic Objectives
    2. Improper Means to Dubious Ends
    3. Employment Taxes
    4. Business Taxes
    5. Fiscal Justice
    6. Rituals of Tax Reform
Chapter 10: Labor Unions
    1. Labor and Laborers
    2. Labor's Disadvantage
    3. A Margin of Indeterminateness
    4. Employer Combinations
    5. Inability to Wait
    6. Doctrines of Exploitation
    7. Power and Privilege
    8. Collective Bargaining
    9. Concessions and Givebacks
    10. Political Action
    11. Myths of the Past
Chapter 11: Laws Against Plant Closings
    1. Closing Shop
    2. Need versus Greed
    3. The Obligation to Reinvest
    4. Job Rights versus Property Rights
    5. Restrictions on Openings
    6. Keeping Business in Town
Part Three
Explanations and Interpretations
Chapter 12: The Natural Rate of Unemployment
    1. Natural Laws and Inexorable Principles
    2. The Inflation Function
    3. Frictional Unemployment
    4. Structural Unemployment
    5. A Range of Skills
    6. The Demographic Mix
Chapter 13: Workers and Robots
    1. The Second Industrial Revolution
    2. Antagonism to the New
    3. Automation in Water Delivery
    4. Triple Benefits for Workers
    5. Learning New Skills
    6. Moving to Another Location
    7. Economic Superiority and Technical Efficiency
Chapter 14: Foreign Competition
    1. Inscrutable Foreigners
    2. Protectionism, Old and New
    3. Old Notions in New Garb
    4. United States—Japanese Trade Relations
Chapter 15: Women, Work and Wages
    1. Production and Distribution
    2. The Issue of the 1980s
    3. Education and Income
    4. Women and the Law
    5. Equal Rights Amendment
    6. Tradition and Custom
    7. The Difference
Chapter 16: Illegal Aliens
    1. Age-Old Charges
    2. The Immigration and Nationality Act of 1965
    3. The Immigration Reform and Control Act of 1986
    4. Dirty Work and Subminimum Jobs
    5. Outside the Law
    6. Benefits and Entitlements
    7. Unfair Competition
    8. Legalizing the Illegals
Chapter 17: Stagnation in Puerto Rico
    1. Star of the Caribbean
    2. The Labor Market
    3. Population and Migration
    4. Federal Dominion over Labor
    5. Intent and Design
    6. San Juan and Washington
    7. Island Independence
Chapter 18: Work in the Underground
    1. Underworld and Underground
    2. Hiding from Tax Collectors
    3. Circumventing Regulations and Licenses
    4. Reaping Entitlement Benefits
    5. Underground Employment
Chapter 19: Employer of Last Resort
    1. War on Poverty
    2. Government, Cause or Cure
    3. Business Employment
    4. Job Programs
    5. Federal Assistance
Chapter 20: Unemployment in College Textbooks
    1. Economic Education
    2. A Best Seller
    3. Unemployment Theories
    4. Macro Explanations and Holistic Solutions
    5. Micro Explanations and Balanced Perspectives
    6. Faithful Mirrors

    Notes
    Index

 
 
 
 
 
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