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June, 1987, Vol. 110, No. 6
The pulse of economic change:
displaced workers of 1981-85
One of the harsh realities of economic change is the closing of plants or the severe cutbacks in their operations. The mass layoffs create instant pockets of unemployment, often made up of people with years of dedicated service and acquired skills and no place to apply them. The ability of these workers to readjust after plant closings or large cutbacks has been a subject of considerable interest to policymakers, labor leaders, and economic analysts.
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