Technology, globalization, demographics and the rise of the gig economy are just a few of the factors that have changed the US labor market. Professor David H. Autor examines the current American job environment in this eye-opening report. He assesses why real wage growth for the non-college-educated employee has shrunk dramatically, while college-educated workers have seen pay increases. Labor specialists and hiring managers will appreciate this insightful study for its thorough appraisal of wage inequality, labor market conditions and US work dynamics.
In this summary, you will learn
How US labor markets have changed since the 1980s,
Why these alterations have negatively affected non-college-educated individuals, and
How the decline of “middle-skill” positions has raised income inequality.
About the Author
David Autor is an economics professor at the Massachusetts Institute of Technology.