By Geoffrey Gilbert
This paintings offers a radical review and research of the expanding hole among the american citizens on the best and backside of the industrial scale.
• a variety of files and excerpts in terms of how americans understand the distance that exists among the haves and the have-nots, similar to Andrew Carnegie's recognized "Gospel of Wealth" (1889)
• An updated choice of information, allowing the reader to get a transparent, quantitative experience of the level of source of revenue and wealth variations in modern America
Read or Download Rich and Poor in America: A Reference Handbook (Contemporary World Issues) PDF
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Extra info for Rich and Poor in America: A Reference Handbook (Contemporary World Issues)
Sample text
Suppose the demand for highly skilled labor grows faster than the demand for less-skilled labor. Wages for high-skill labor will rise, and (non-competing) low-skill labor will lack the ability to move into those high-skill jobs that now pay much better. The result will be a growing wage gap between the top and bottom of the labor market. S. wage structure by David Autor, Lawrence Katz, and Melissa Kearney (2006). The authors contend that technological change in recent decades— specifically, the advent of computer technology—has impacted three categories of workers in divergent ways.
Low-income children attend public schools that are inferior in almost every way to the ones attended by more affluent children, and when (or if) they graduate from high school, they are much less likely to attend college than the sons and daughters of the middle class. Several policies have been proposed to remedy the problem of unequal educational opportunity, and we will examine them later in this chapter. S. labor market. Labor Skills, Labor Demand, and Technological Change In theory, the wage in every labor market is determined by the interplay of supply and demand.
The question of who pays for human capital becomes critical at the level of college and graduate school, because higher education, unlike elementary and secondary education, must normally be paid for by the student. Broadly speaking, then, we have reason to think that the wage gap in the United States is related to unequal rates of investment in human capital. We already saw, in chapter 1, that the educational playing field is far from level in the United States. Low-income children attend public schools that are inferior in almost every way to the ones attended by more affluent children, and when (or if) they graduate from high school, they are much less likely to attend college than the sons and daughters of the middle class.
Rich and Poor in America: A Reference Handbook (Contemporary World Issues) by Geoffrey Gilbert
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