The microeconomic picture of the U.S. has changed vastly since 1973, and the trends are proving to be consistently downwards for the nations broad(prenominal) cultivate graduates and mellowed inform drop-outs. Of only the reasons precondition for the wage squeezing - international competition, technology, deregulation, the slump of unions and defense cuts - technology is probably the close to critical. It has favored the amend and the arch(prenominal), says M. B. Zuckerman, editor-in-chief of U.S. word & World plow (7/31/95). Since 1973, fee adjusted for inflation score declined by virtually a quarter for naughty school 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 sudden developing technical jobs, software product engine room tops the list. Carnegie Mellon University reports, enlisting of its software engineering students is up this category by over 20%. tout tout ensemble engineering jobs are compensable well, proving that highly skilled working class is what employers want! There is scant(p) evidence that the supply of workers in the [ uninformed crowd] categories already exceeds the demand for their services, says L. Mishel, research Director of Welfare Reform Network. In go out of these facts, I marvel if these trends are redeeming(prenominal) or mediocre for society.

The danger of the culture age is that while in the piddling run it whitethorn be cheaper to replace workers with technology, in the dour run it is potentially self-destructive because there lead not be enough purchasing mogul to grow the economy, M. B. Zuckerman. My feeling is that the trend from unskilled labor to highly technical, skilled labor is a good wholeness! But, political action must be taken to ensure that this societal exploitation is beneficial to all of us. Back in 1970, a high school diploma could electrostatic be a... If you want to bunk a full essay, hostel it on our website:
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