Can Your Education Keep Pace with Technology?

Source: Fortune, Mar 2012

Incomes in the broad middle have gone nowhere for more than 20 years after rising slowly but steadily through most of the 20th century

. Why? Many theories have been advanced, but the one that holds up best is set out by Harvard economists Claudia Goldin and Lawrence Katz in articles and a book, The Race Between Education and Technology. The economy continually demands higher-level skills from workers, they argue, and for most of the 20th century the U.S. workforce kept up. In 1900 few people stayed in school past eighth grade; by 1970 a large majority finished high school, and many went on to college. American workers became the world’s best-educated and earned the rewards.

The problem is that the middle class isn’t supplying the new skills that the world is demanding.

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