MY TAKE
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February 02, 2006

wage mid-rift slimmin and slippin


academics got a grip on this

bottom wage half is coasting

uppper wage half is still rifting


==============================

"This paper analyzes a marked change 
in the evolution of the U.S. wage structure
 over the past fifteen years:
 divergent trends in upper-tail (90/50)
 and lower-tail (50/10) wage inequality.

 We document that wage inequality 
in the top half of the distribution 
has displayed an unchecked 
and rather smooth secular rise 
for the last 25 years... 

Wage inequality in the bottom half
 of the distribution 
also grew rapidly from 1979 to 1987,
 but it has ceased growing
 (and for some measures actually narrowed)
 since the late 1980s. ... 

We characterize these patterns
 as the “polarization” of the U.S. labor market,
 with employment polarizing 
into high-wage and low-wage jobs
 at the expense of middle-wage work. 

We show how a model of computerization
 in which computers most strongly complement
 the non-routine (abstract) cognitive tasks 
of high-wage jobs, 
directly substitute for the routine tasks
 found in many traditional middle-wage jobs,
 and may have little direct impact
 on non-routine manual tasks 
in relatively low-wage jobs 
can help explain the observed polarization
 of the U.S. labor market. "

 so there you mop jockeys 
the skids over 
and
 you  high steppers
up there
in the low end  
       of the 50 plus club
        don't sweat 
we got a nice soft place
 for ya
 to land  
 down here in  flatsburg 

Posted by herb jr. jr. at February 2, 2006 07:01 PM