The book introduces the changing demographics of labor force in the new economy. It discusses the increased prevalence of flexible and alternative employment arrangements, declining job stability, increased wage inequality, and more generally, the fear that good jobs are disappearing. An important labor market development of recent decades is mentioned to be the long-term growth in earnings inequality. The topic of employee stock options is discussed, which is stated to have been a more important component of employee compensation in recent decades. A measurement addressed in the book is the distinctive contributions of household- versus employer-based data. It describes the effect of population aging on the labor market and states that labor market activity, including the labor force participation rate and measures of labor market flow and earnings, is likely to be affected by the changing age structure of the population.
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