The microeconomic picture of the U.S. has changed immensely since 1973, and the trends ar proving to be consistently downward(prenominal) for the nations heights civilise graduates and postgraduate discipline drop-outs. Of all the reasons given over for the wage hurtle  international competition, applied science, 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 & amp; World Report (7/31/95). Since 1973, engage adjusted for ascension prices have declined by about a quarter for high drill 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 engineer tops the list. Carnegie Mellon University reports, recruitment of its software engineering students is up this stratum by over 20%. whole engineering jobs are paying well, proving that highly skilled fag is what employers want! in that respect is clear evidence that the supply of workers in the [unskilled patience] categories already exceeds the motivation for their services, says L. Mishel, Research Director of Welfare Reform Network. In indicate of these facts, I wonder if these trends are good or knotty 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 willing non be enou gh purchasing power to grow the economy, M. ! B. Zuckerman. My emotional state is that the trend from unskilled assiduity to highly technical, skilled labor is a good maven! But, political action moldiness be taken to ensure that this societal development is dear 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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