The microeconomic picture of the U.S. has changed immensely since 1973, and the trends are proving to be systematically downward(prenominal) for the nations heights civilise graduates and eminent coachhouse drop-outs. Of all the reasons given for the wage hurtle  international competition, technology, deregulation, the decline of unions and defense cuts  technology is probably the most critical. It has favored the meliorate and the skilled, says M. B. Zuckerman, editor-in-chief of U.S. News & antiophthalmic factor; World Report (7/31/95). Since 1973, earnings adjusted for revolt prices have declined by about a quarter for high school dropouts, by a sixth for high school graduates, and by about 7% for those with some college education. Only the wages of college graduates are up. Of the smart growing technical jobs, software engineering tops the list. Carnegie Mellon University reports, recruitment of its software engineering students is up this course of stu dy by over 20%. whole engineering jobs are paying well, proving that highly skilled fag is what employers want! thither is clear evidence that the supply of workers in the [unskilled patience] categories already exceeds the expect for their services, says L. Mishel, Research Director of Welfare Reform Network. In reckon of these facts, I wonder if these trends are good or problematic for society.
The danger of the information age is that while in the go around run it may be cheaper to replace workers with technology, in the foresightful run it is potentially self-destructive because there give non be enough purchasing power to grow the economy,! M. B. Zuckerman. My tinge is that the trend from unskilled lug to highly technical, skilled labor is a good maven! But, political action must(prenominal) be taken to ensure that this societal development is honest to all of us. Back in 1970, a high school diploma could still be a... If you want to get a full essay, order it on our website: OrderCustomPaper.com
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