The New Division of Labor Quotes

“We are beginning to fill in the blanks about how computers are changing work. On the labor market’s demand side, the share of menial jobs has increased modestly, but the largest job growth has been in occupations requiring significant education. On the labor market’s supply side, the number of college graduates has been growing faster than the number of high school graduates and dropouts. Yet the rising wages of college graduates indicate demand is outstripping their supply. Conversely, the declining wages of male high school graduates and dropouts, despite the slow growth of these groups, indicate they will end up in jobs that no longer pay enough to support families.”
― Frank Levy, The New Division of Labor: How Computers Are Creating the Next Job Market