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The resurgence of Route 128 in Massachusetts
Michael H. Best

immigrant workforce in the state had a bachelor’s degree or higher (MTC, 1998).) In-migration has taken up much of the slack from the shortfall of engineering graduates of colleges and universities in the state. The number of foreign-born and, in most cases, foreign-educated technical workforce has accumulated to a sizeable fraction of the total pool. Furthermore, the figure suggests another source of increased technical labour supply in Massachusetts: graduates who remain in Massachusetts. Of the 6,000 graduates produced per year, a higher percentage stays in the state

in Market relations and the competitive process
Open Access (free)
Crisis, reform and recovery
Shalendra D. Sharma

,000 redundancies, raising the level of unemployment to 2.2 million as of June 1999. Real wages declined following the pre-crisis tightening of the labor market. Real wage growth, which stood at over 2 per cent per year in 1996, reversed itself. The real wage fell by more than 7 per cent in 1998 and by 1.5 per cent in 1999.”56 While the initial labor-force impacts were largely in urban areas, the effects were also felt in the countryside, through both return migration of urban workers and reduced remittances. Since Thailand does not have a well-developed formal social safety net

in The Asian financial crisis