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The Race between Education and Technology

Amazon.com Price:  $21.36 (as of 12/05/2019 16:20 PST- Details)

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Description

This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the USA through the twentieth century. The authors propose that the twentieth century used to be not only the American Century but also the Human Capital Century. That may be, the American educational system is what made The usa the richest nation on the planet. Its educational system had at all times been less elite than that of most European nations. By 1900 the U.S. had begun to educate its masses at the secondary level, not just in the primary schools that had remarkable success in the nineteenth century.

The book argues that technological change, education, and inequality have been involved in a type of race. All over the first eight decades of the twentieth century, the increase of educated workers used to be higher than the demand for them. This had the effect of boosting income for most of the people and lowering inequality. Alternatively, the reverse has been true since about 1980. This educational slow-down used to be accompanied by rising inequality. The authors discuss the complex reasons for this, and what might be done to ameliorate it.

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