Monday, September 20, 2004

Washington Post -- As Income Gap Widens, Uncertainty Spreads


The gap between the wages of a 30-year-old male high school graduate and a 30-year-old male college graduate was 17 percent as of 1979, according to analysis by Harvard's Murnane and MIT's Levy in their book, "The New Division of Labor." Now it tops 50 percent, with an even larger differential for women. Real wages for both high school graduates and high school dropouts have actually fallen since the 1970s. Meanwhile, wages for college graduates -- who make up only about a quarter of the adult population -- have soared upward.
How do we keep our people employed? Where will the U.S. economy go? What will the future job market look like?

The list of the 30 jobs the Labor Department predicts will grow the most through 2012 includes high-paying positions such as postsecondary teachers, software engineers and management analysts. But nearly all require a college degree. There are also plenty of jobs that demand no college -- including retail sales and security guard -- but they pay a low wage.
The number of choices for people, who wish to get ahead seem to be getting smaller.

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