even Krugman and Robert J. Gordon have given up on blaiming skill-biased technical change.
On 5/13/06, Paul <[EMAIL PROTECTED]> wrote:
But isn't one of the shocking and fundamental points about the change in US income distribution it is principally not an issue within the labor market? The big and new change has been in the distribution between wages and profit income. Even at the beginning of neoliberalism (Reagan years) only the top 10-20% were really benefiting. But in the last decade mostly it has been narrowed to the top 1%. IMO, these changes were buried well past the Clinton administration because the then standard source (the CPS) used wages and excluded much profit income (it still does). The neo-classics have been trying to argue that this is a labor market phenomena (returns to education) or the result of technology changes. But I have seen even their colleagues laugh at this when they see the radical change in U.S. numbers in historical perspective or by comparison to Europe and Japan. Paul At 05:32 PM 5/13/2006 -0700, you wrote: >The two-tier labor market is nothing new. What's new is the seemingly >accelerating growth of the secondary (bad job) sector as a percentage >of the labor force and the accelerating growth of the income & benefit >gap between the two tiers (labor market segments). > >On 5/13/06, michael perelman <[EMAIL PROTECTED]> wrote: >>The last sentence is the kicker. >> >>"US firms are at or near the forefront in technological advances, >>especially in computers and in medical, aerospace, and military >>equipment; their advantage has narrowed since the end of World War II. >>The onrush of technology largely explains the gradual development of a >>"two-tier labor market" in which those at the bottom lack the education >>and the professional/technical skills of those at the top and, more and >>more, fail to get comparable pay raises, health insurance coverage, and >>other benefits. Since 1975, practically all the gains in household >>income have gone to the top 20% of households." >> >>http://odci.gov/cia/publications/factbook/geos/us.html >> >>-- >> >> >>Michael Perelman >>Economics Department >>California State University >>michael at ecst.csuchico.edu >>Chico, CA 95929 >>530-898-5321 >>fax 530-898-5901 > > >-- >Jim Devine / "the world still seems stuck in greed-lock, ruled by >fossilized fools fueled by fossil fuels." -- Swami Beyondananda
-- Jim Devine / "the world still seems stuck in greed-lock, ruled by fossilized fools fueled by fossil fuels." -- Swami Beyondananda
