The Race between Education and Technology
This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the...more
1) From 1945 - 1973 there was shrinking inequality in the United States. People (in general) were reaching higher levels of education than ever seen in history and the gap between the rich and the poor was being reduced
2) Since 1973 - Things have not been as good. If you remove the top 5% of income earners off of any wage demographics then almost no one has seen their wages (purchasing pow ...more
I would recommend it anyway since it gives a lot of insight into development of the U.S. education system and our current downfall relative to other wealthy countries.
It's really refreshing to hear someone make broad statements about the state of our education system and have hard data to back it up. It doesn't hurt that the data has been collected and analy ...more
From our pages (Nov–Dec/14): "Delight in discovery: Economic historian Claudia Goldin takes a detective’s joy in gathering clues, analyzing data, and reconstructing the stories behind social issues." http://mag.uchicago.edu/economics-bus...