Unemployment has long been considered an unfortunate fact of free-market capitalism--the price advanced economies must pay for containing inflation and allowing productivity-enhancing (but dislocating) change. However, factors ranging from technological advances in emerging markets and the rapid automation of service industries to the changing dynamics of the business cycle are lengthening joblessness and forcing more people to settle for work that pays little and requires fewer skills. This panel will discuss what can be done to reverse the trend without undermining the flexibility of labor markets or hindering globalization.