Too Many Cooks?

In March 1996, some five years into an economic recovery, the New York Times ran a series of front-page articles entitled, "Downsizing in America." The stories chronicled the fortunes (and misfortunes) of American workers recently downsized and restructured out of their jobs. The series fueled ongoing concern and public debate about the changing prospects for U.S. workers, particularly those with less education and low skills.