SOCI 235 Lecture Notes - Lecture 21: Observational Error, George J. Borjas, Marginal Cost
26 Nov 2017
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Rising earnings inequality: now turn to the effect of ict on the kind of labour demanded. In the us, in particular, but in canada and some other countries to some extent, since the late 1970s gdp per capita has grown much faster than median household income. In the 2000s, employment growth has been slow or non existent (but the decline after. Inequality of earnings and income have risen: why has earnings inequality in the us risen? (some of the mechanisms should be generalizable to other countries. ) The freezing of the minimum wage in the 1980s. Changes in social norms (the acceptability of gordon gecko! The fact of rising earnings inequality (gini coefficients, variance measures, decile ratios). A rise in the skill premium - the earnings of the average college graduate divided by the earnings of the average secondary school graduate. People who use computers get paid more than those who don"t.
