Clair Brown

How the chip industry has responded to a series of crises over the past twenty-five years, often reinventing itself and shifting the basis for global competitive advantage.For decades the semiconductor industry has been a driver of global economic growth and social change. Semiconductors, particularly the microchips essential to most electronic devices, have transformed computing, communications, entertainment, and industry. In Chips and Change, Clair Brown and Greg Linden trace the industry over more than twenty years through eight technical and competitive crises that forced it to adapt in order to continue its exponential rate of improved chip performance. The industry's changes have in turn shifted the basis on which firms hold or gain global competitive advantage.These eight interrelated crises do not have tidy beginnings and ends. Most, in fact, are still ongoing, often in altered form. The U.S. semiconductor industry's fear that it would be overtaken by Japan in the 1980s, for example, foreshadows current concerns over the new global competitors China and India. The intersecting crises of rising costs for both design and manufacturing are compounded by consumer pressure for lower prices. Other crises discussed in the book include the industry's steady march toward the limits of physics, the fierce competition that keeps its profits modest even as development costs soar, and the global search for engineering talent.Other high-tech industries face crises of their own, and the semiconductor industry has much to teach about how industries are transformed in response to such powerful forces as technological change, shifting product markets, and globalization. Chips and Change also offers insights into how chip firms have developed, defended, and, in some cases, lost global competitive advantage.

Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires angst about unemployment, loss of earnings, and the overall competitiveness of corporations. But is this endless cycle of fluctuation really so bad for America? Might something positive be going on in the economy as a result of it? In this penetrating work, three esteemed economists seek to answer these questions by exploring the real impact of volatility on American workers and businesses alike. According to the authors, while any number of events--shifts in consumer demand, changes in technology, mergers and acquisitions, or increased competition--can contribute to economic turbulence, our economy as a whole is, by and large, stronger for it, because these processes of creation and destruction make it more flexible and adaptable. The authors also acknowledge and document the adverse consequences of this turbulence on different groups of workers and firms and discuss the resulting policy challenges. Basing their argument on an up-close look into the dealings and practices of five key industries—financial services, retail food services, trucking, semiconductors, and software—the authors demonstrate the positive effects of turbulence on career paths, employee earnings, and firm performance. The first substantial attempt to disentangle and make clear the complexities of this phenomenon in the United States, Economic Turbulence will be viewed as a major achievement and the centerpiece of any discussion on the subject for years to come.

In Work and Pay in the United States and Japan, authors Clair Brown, Yoshifumi Nakata, Michael Reich, and Lloyd Ulman provide an integrated and detailed analysis of the components of firm human resources systems in the US and Japan. Drawing on data obtained from fieldwork in comparable establishments in these two countries, as well as from national sources, this work examines the relationship between company practices and national economic institutions. The authors address a number of key questions about employer-employee relations. How have major Japanese manufacturing companies been able to convert the assurance of "lifetime" employment security into a source of superior employee efficiency and adaptability, when job and income security have been feared as a source of "shirking" and wage inflation in the US? How have higher economic and real wage growth rates been associated with greater equality in earned income distribution in Japan, when the incentive role of income inequality to worker effort and savings has been stressed in the US? How could Japanese emphasis on employment security in the firm be reconciled with greater price stability and lower unemployment than in the US? This work analyses elements such as employee training and involvement programs, wage behavior as an incentive system and an alternate channel of savings, and synchronous wage determination (shunto) at work in the Japanese economy that provide for such successes. The book also explores the costs that have been associated with these Japanese accomplishments, as well as who must bear them. In particular, it examines how Japanese women compare less favorably with American women in terms of opportunities for work, pay, and promotion; the higher hours of working time for men in Japan than in the US; and the constraints on mobility for Japanese workers. It also poses the question of whether Japanese unions are weaker than their American counterparts, or just more sensible and far-sighted. Finally, this \ork examines the outlook for these distinctive Japanese institutions and practices in a period of slower growth and economic "maturity." Based on a research project carried out in both countries, the book concludes with the lessons that each country can learn much from the employment practices of the other. Work and Pay in the United States and Japan will be essential reading for students, professors, and all professionals involved with employment systems and employer-employee relations.