Wage Trends The microeconomic picture of the U.S. has changed immensely since 1973, and the trends are proving to be consistently downward for the nation's high school graduates and high school dropouts. "Of all the reasons given for the wage squeeze - international competition, technology, deregulation, the decline of unions and defense cuts - technology is probably the most critical. It has favored the educated and the skilled. Since 1973, wages adjusted for inflation have declined …showed first 75 words of 561 total…

…showed last 75 words of 561 total…of the 90's to get a college diploma, as it was for the children of the 70's to get a high school diploma. In conclusion, I feel that the advance of technology is a good trend for our society; however, it must be in conjunction with advance in education so that society is able to master and understand technology. We can be the masters of technology, and not let it be the masters of us.