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Unemployment rates have spiked around the world owing to the Covid-19 crisis and its economic fallout. In the United States, tens of millions are out of work, and employment is expected to stay at record lows for many years to come.In many other countries, the situation is also dire. Governments are only slowly opening their economies to protect against a second deadly wave of infections and, in the absence of a vaccine, might, at some point, need to resume lockdowns. The World Trade Organization predicts the worst collapse for international commerce in a full generation, while the nonpartisan Congressional Budget Office thinks the U.S. economy won’t fully recover until 2030. (Yes, that’s 10 years from now.)
The landmark research on how people find good jobs was conducted in the early...
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