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How The New Economics Effects Modern America - College Essay

How The New Economics Effects Modern America

Technology has changed the face of the US. There are now new problems with all the new jobs created by the technology age. There are many hurdles to overcome being a advanced society. The US should find a way to keep up or we may find ourselves with economy that will fall apart.
With so many new jobs being available, unskilled labor will be in more demand. Machines would do the task and someone pressing start and stop. This could mean that more uneducated people would have jobs. The companies will pay them less. This is because most unskilled laborers are from the lower class. This would mean companies would pay them less. There are less appt to complain or leave their jobs as a highly ...

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is that while in the short run it may be cheaper to replace workers with technology” M. B. Zuckerman. The problem is as we make all this technology to replace workers. We are now creating many low-tech jobs. At the same time we have now made a lot of skilled jobs. My feeling is that once we have all these very high tech jobs, pay rates will drop across the board. That’s because high tech jobs are now the norms. The economy can’t support all these jobs. Back in 1970, a high school diploma could still be a ticket to the middle income bracket, a nice car in the driveway and a house in the suburbs. Today all it gets is a clunker parked on the street, and a dingy apartment in a low rent building,” says Time Magazine (Jan 30, 1995 issue). This means we have created a new lower class. Making the American dream that much harder.
Our government provides children with a free education. Allowing many to earn a high school diploma. This means that anyone, regardless of family income, ...

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How The New Economics Effects Modern America. (2008, March 24). Retrieved January 22, 2025, from http://www.essayworld.com/essays/How-New-Economics-Effects-Modern-America/81015

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PAPER DETAILS

Added: 3/24/2008 09:30:59 AM
Category: Economics
Type: Premium Paper
Words: 947
Pages: 4

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