Supply-Side Education

What explains the growing gap in wages?

"There was enormous growth in educational attainment between 1900 and 1970," Goldin says in an interview. "But after 1970, the growth in attainment became much more sluggish. Putting those two parts together, you can explain a large amount of the story of wage inequality in the 20th century." Full Story »

Posted by Kaizar Campwala

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4.2
by Chris Finnie - Jul. 25, 2008

What this article does address, it does well. However, it doesn't address the way universal testing and the punitive environment around it has impacted high-level abstract-reasoning skills (which are not part of the test, and therefore not taught). While it touches on economic issues, it does not say that yearly tuition for an ivy-league college is now over $30,000, and almost $10,000 at some state universities. Nor does it deal much with the failure of high schools to actually educate students. A few years ago, Toyota Motors was looking for a site for a new North American plant. The southern states offered their usual tax incentives, but Toyota opted to go to Canada and cited two reasons: lower healthcare costs, and the low education level of their current American workforce. Toyota stated that local literacy at their current American factory was so lacking, that the company had been forced to produce cartoon instruction manuals for the plant equipment. And these workers were high-school graduates.

(13 answers)

Chris's Rating

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4.2

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4.2
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4.0
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4.0
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5.0
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3.0
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4.0
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5.0
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4.0
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4.0
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4.0
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