U.S. Wage Trends
Beginning of paper
The microeconomic picture of the U.S. has changed immensely since 1973, and the trends are proving to be consistently downward for the nation's high school graduates and high school dropouts. "Of all the reasons given for the wage squeeze - international competition, technology, deregulation, the d ....
Middle of paper
.... skilled labor is what employers want! "There is clear evidence that the supply of workers in the [unskilled labor] categories already exceeds the demand for their services," says L. Mishel, Research Director of Welfare Reform 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 short run it may be cheaper to replace workers with technology, in the long run it is potentially self-destructive because there ....
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Word count: 1149
Page count: 5 (approximately 250 words per page)
