How Emerging Technology Effects Modern Society

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How Emerging Technology Effects Modern Society

How Emerging Technology Effects Society:
The microeconomics picture of the U.S has changed immensely since 1973, and the trends are proving to be consistently downward for he nation's high school graduates and high school dropouts.  Of all the reasons given for the wage squeeze - international competition, technology, deregulation, the decline of unions and defense cuts technology is probably the most critical. It has favored the educated and the skilled, says M. B. Zuckerman, editor-in-chief of U.S. News and World Report (7/31/95). Since 1973, wages adjusted for inflation have declined by about a quarter for high school dropouts, by a sixth for high school graduates and by about 7% for those with some college education. Only the wages of college graduates are up.
Of the fastest growing technical jobs, software engineering tops the list. Carnegie Mellon University reports, recruitment of its software engineering students is up this year by over 20%. All engineering jobs are paying well; proving that highly skilled labor is what employers are interested for potential employees. There is clear evidence that the supply of workers in the unskilled labor categories already exceeds the demand for their services, says L. Mishel, Research Director of Welfare Reform Network.
In view of these facts, I wonder if these trends are good or bad for society. The danger of the information age is that while in the short run it may be cheaper to replace workers with technology, in the long run it is potentially self-destructive because there will not be enough purchasing power to grow the economy, M. B. Zuckerman. My feeling is that the trend from unskilled labor too highly technical, skilled labor is a good one! But, political action must be taken to ensure that this societal evolution is beneficial to all of us. 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 clinker parked on the street, and a dingy apartment in a low rent building, says Time Magazine (Jan 30, 1995 issue).
However, in 1970, our government provided our children with a free education, allowing the vast majority of our population to earn a high school diploma. This means that anyone, regardless of family income, could be educated to a level that would allow them a comfortable place in the middle class. Even restrictions upon child labor hours ...

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