How The New Economics Effects Modern America

Part I of Essay
Technology has changed the face of the US. There are now new problems with all the new jobs created by the technology age. There are many hurdles to overcome being a advanced society. The US should find a way to keep up or we may find ourselves with economy that will fall ....

Part II of Essay
.... abundance of cheap labor. Which will not help raise the already too low minimum wage. “The danger of the information age is that while in the short run it may be cheaper to replace workers with technology” M. B. Zuckerman. The problem is as we make all this technology to replace workers. We are now creating many low-tech jobs. At the same time we have now made a lot of skilled jobs. My feeling is that once we have all these very high tech jobs, pay rates will drop across the board. That’s because high tech jobs are now the no ....