Publisher's Synopsis
Excerpt from High-Wage Jobs in a Competitive Global Economy: Hearing Before the Joint Economic Committee, Congress of the United States, One Hundred Second Congress, Second Session, September 16, 1992
I would like to address, brie?y, a somewhat different question from the ones discussed by others here. In specific, I would like to talk about what the Federal Government can do and should do to encourage the creation of high wage jobs.
When we start talking about job creation, we are not really talking about a new problem, because for a number of years we have had concerns expressed about the so - called vanishing middle class in America. Deindustrialization, according to some people, was causing the Nation's manufacturing disappear along with its high-wage jobs.
This current recession, in which white-collar workers are bearing much of the brunt of unemployment for the first time in the Nation's history, is some what different in that most of this can be traced to the technological changes caused by the widespread introduction and use of very cheap computers.
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