U.S. Wage Trends

Part I of Essay
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 drop-outs. “Of all the reasons given for the wage squeeze – international competition, tech ....

Part II of Essay
.... 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 will not be enough purchasing power to grow the economy,” M. B. Zuckerman. My feeling is that the trend from unskilled ....