Advances in Technology and Economics

Advances in Technology and Economics - Advances in...

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Advances in technology and economy The microeconomic picture of the U.S. has changed dramatically since 1973, and the trends are proving to be constant at the lower secondary school in the nation high school graduates and dropouts. "For all the reasons given by the wage squeeze - international competition, technology, deregulation, reduction of unions and defense cuts - technology is probably the most critical. It has for education and skills, "says MB Zuckerman, editor in chief U.S. News & World Report (07/31/95). Since 1973, wages adjusted for inflation have been reduced by about a quarter of high school dropouts, high sixth school graduates, and 7% for those with some college education. Only wages of college graduates are up. Of the job the fastest growing software engineering at the top. Carnegie Mellon University reports, "the hiring of software engineering is students is up this year by more than 20%. "All the engineering work are paying well, demonstrating that highly skilled labor is what employers want! "It is unclear evidence that the supply of workers in the [unskilled labor] categories already exceeds the demand for their services, "says L. Mishel, Research Director 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 term may be cheaper to replace workers with technology, in the long term is potentially self-destructive, because there will be enough purchasing power to grow the economy, "MB Zuckerman. My feeling is that the trend of unskilled labor to highly technical, skilled labor is very good! However, political action must be taken to ensure that this evolution of society is beneficial to us all. "Back
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This note was uploaded on 09/20/2011 for the course TECH IT 205 taught by Professor Loriatkins during the Winter '11 term at University of Phoenix.

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Advances in Technology and Economics - Advances in...

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