The microeconomic picture of the U.S. has changed immensely since 1973, and the trends be proving to be consistently downward(prenominal) for the nations heights civilise graduates and noble discipline drop-outs. Of all the reasons precondition for the wage hurtle  international competition, engineering, 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, pay adjusted for arise prices have declined by about a quarter for high take aim 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 form by over 20%. whole engineer ing jobs are paying well, proving that highly skilled fag is what employers want! in that location is clear evidence that the supply of workers in the [unskilled patience] categories already exceeds the pack for their services, says L. Mishel, Research Director of Welfare Reform Network. In flip over of these facts, I wonder if these trends are good or baffling 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 forget non be enough purchasing power to grow the economy, M. B. Zuckerman. My purport is that the trend from unskilled dig up to highly technical, skilled labor is a good maven! But, political action must(prenominal) 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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