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What’s Driving Wage Inequality: A Reprint from “Economic Quarterly”
Wage inequality has increased sharply in the U.S.

 
Our Price: $15.00
By Aaron Steelman (au); John A. Weinberg (au)
Year: 2005
Pages: 16
Binding Paperback

Product Code: 1437904971

Description
 
Wage inequality has increased sharply in the U.S. since the mid-1970s. While some have argued that globalization -- in particular, increased international trade and immigration -- is primarily responsible for changes in the wage distribution, the authors argue that the main cause is skill-biased technical change. Workers with relatively high skill levels have experienced more rapid growth in wages than less-skilled workers, some of whom have seen an actual decline in their real wages. Although technical change likely has increased wage inequality, it also has greatly enhanced productivity and thus living standards in the U.S.

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