Its a view of the techonlgy that has effected America He verbalize it was well written but I needed to bawl out well-nigh the theme more.
U.S. Wage Trends
The microeconomic picture of the U.S. has changed vastly since 1973, and the trends
are proving to be consistently downward for the nations high school graduates and high
school drop-outs. Of all(a) the reasons given for the wage squeeze - international
competition, technology, deregulation, the decline of unions and defense cuts - technology
is probably the most critical. It has favored the educated and the skilled, says M. B.
Zuckerman, editor-in-chief of U.S. News & adult male Report (7/31/95). Since 1973,
wages
adjusted for inflation have declined by about a quarter for high school dropouts, by a sixth
for high school graduates, and by about 7% for those with nearly college education. Only
the wages of college graduates are up.
Of the fastest growing technical jobs, parcel engineering tops the list. Carnegie Mellon
University reports, recruitment of its software engineering students is up this year by
over
20%. All engineering jobs are paying well, proving that exceedingly skilled labor is what
employers fate! There is clear grounds that the supply of workers in the [unskilled
labor]
categories already exceeds the demand for their services, says L.
Mishel, Research
Director
of Welfare iron out Network.
In view of these facts, I wonder if these trends are good or bad for society. The danger
of
the information age is that while in the piffling run it may be cheaper to replace workers with
technology, in the dour run it is potentially self-destructive because there will not be
enough
purchasing power to grow the economy, M. B. Zuckerman. My feeling is that the trend
from unskilled labor to extremely technical, skilled labor is a good one! But,
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