The Workforce: Where Will the New Jobs Come From?

The worst recession in generations torpedoed 8.4 million U.S. jobs. Getting them back and creating employment means understanding what makes the economy tick

Jeff Wilson for TIME

Michael Kim landed his job as HomeAway expands to meet growing demand for its online house-rental service.

Later this year, a marketing manager will sit down for his first day of work at HomeAway, a company that helps people rent their vacation homes online. In the firm's sleek Austin, Texas, headquarters, a glass-wrapped building decorated with travel souvenirs, the marketer will flip on his computer and do his job — a job no one has done before. This, you see, will be a brand-new job, one of the most coveted commodities of economic recovery.

How this job will come to exist is at the heart of the most...

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