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Technology in Modern America, the effects on society
Technology in Modern America
U.S. Wage Trends
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, technology, deregulation, the decline of unions and defense cuts - technology
is probably the most critical. It has favored the educated and the skilled," says M. B.
Zuckerman, editor-in-chief of U.S. News & World Report (7/31/95). Since 1973, wages
adjusted for inflation…
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