Community Economics: Labor Markets
Society places great emphasis on jobs and the
community’s supply of labor is one of its greatest
resources. The possession of a job in the
American economy provides an income which
determines, to a large extent, the capacity to
pursue a particular lifestyle. Because jobs are
central to society and personal perception of
worth, preparing people for work, placing and
keeping them in jobs, and providing opportunities
for advancement are critical. Thus, a job
represents a very valuable element of modern
life, with many economic, social, and
psychological benefits attached to it.