Economists (Not Teachers) Write: In Hope of a Social Inequality Reduction
Posted Oct 07 2008 6:22pm
Immigration and globalization trade are significant causes of rising inequality. Two Harvard economists, Claudia Goldin and Lawrence F. Katz, in their book, The Race Between Education and Technology wrote that still something can be done to contend the economic polarization, root cause of America’s political polarization.
The NYT reads the new book where "the authors skillfully demonstrate that for more than a century, and at a steady rate, technological breakthroughs — the mass production system, electricity, computers — have been increasing the demand for ever more educated workers. And, they show, America’s school system met this demand, not with a national policy, but in grassroots fashion, as communities taxed themselves and built schools and colleges."
If other countries are at higher level in education, is it caused by the teaching models? Or is it that we are holding American youth back?
Well, authors of this book say that a reconfigured financial industry and possible new tax policies might affect the 30-year trend toward greater inequality. In such a data-rich book, we all should remember that greater investments in human capital once put Americans collectively on top of the world, now that economical 'emergency' requires more than ever.
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