The Race between Education and
Technology [Paperback]
This book provides a careful historical analysis of the co-evolution of
educational attainment and the wage structure in the United States through the
twentieth century. The authors propose that the twentieth century was not only
the American Century but also the Human Capital Century. That is, the American
educational system is what made America the richest nation in the world. Its
educational system had always been less elite than that of most European
nations. By 1900 the U.S. had begun to educate its masses at the secondary
level, not just in the primary schools that had remarkable success in the
nineteenth century.
The book argues that technological change, education, and inequality have
been involved in a kind of race. During the first eight decades of the twentieth
century, the increase of educated workers was higher than the demand for them.
This had the effect of boosting income for most people and lowering inequality.
However, the reverse has been true since about 1980. This educational slow-down
was accompanied by rising inequality. The authors discuss the complex reasons
for this, and what might be done to ameliorate it.
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