Obama and manufacturing

posted by
June 30, 2011
Cafe Hayek
by Russ Roberts  
Posted in Commentary

"He’s right. It’s harder to find a job if you’re only a high school graduate compared to say 50 or even 30 years ago. But it’s also harder to find a job if you’re trained as a blacksmith. It’s a good thing, in general, for most Americans that our productive processes use more technology and that many jobs that were once filled by high school grads don’t exist anymore. Having said that, it’s simply a fact that if you only have a high school diploma, it’s a lot harder to find a good-paying job than it used to be. The interesting question is what are the implications of that fact." (06/29/11)


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