The following is a guest post from David Hochschild, a partner in the law firm DLA Piper.

He is the author of “The Rise and Fall of the American Job Market.”

David Hochselschild, partner at DLA and a professor of economics, is the co-author of the new book, “The Fall of American Jobs: How the U.S. Economy Failed.”

Hochsted is a professor at Harvard Business School and the author most recently of “Waging War on the American Dream.”

His newest book is “America’s Great Recession: The Price of Cheap Labor, the Impact of Fiscal Crisis, and the Lessons to be Learned from the Great Recession.”

His podcast “Facts, Not Fiction” is available on iTunes.

His next book, a memoir, will be released in 2018.

The following is an excerpt from his book,The Rise And Fall Of The American Job