Consider two labor markets: that for college graduates and that for high school or less. ( a).
Question:
Consider two labor markets: that for college graduates and that for high school or less.
( a). Describe how technological change has affected the two labor markets during the past couple of decades.
(b). Discuss how these might affect the equilibrium wage. b) What is "The race between education and technology"?
(c). How is this connected to the labor market and to the recent increase in inequality?
. We learned that the period after the Great Depression, through the 1950s and until the 1970ties was a time when the income distribution for the United States became more equal. Describe how some government policies of this time affected Black and white families differently.
. Explain what job polarizations means. How is job polarization connected to technological change?
. The past decades have seen amazing improvements in technology as well as an opening up of the world economy that brought improvements in living standards to many. But, some people have lost out. Describe the phenomenon referred to by Angus Deaton and Anne Case as "deaths of despair" and the possible connection to these developments
Expert Answer:
a Technological change has had different effects on the labor markets for college graduates and those with a high school education or less For college graduates technological advancements have general... View the full answer
