The economic status of young people has declined significantly over the past two decades, despite a variety of programs designed to aid new workers in the transition from the classroom to the job market. This ongoing problem has proved difficult to explain....

\"Labour economics is in ferment [and] this book is a good point of entry to the argument.\" -- The Economist The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According tomacroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages....