New York unemployment rates are relatively high. People are trying to analyze the causes of this situation and explain reasons of unemployment in the United States. In the article “U.S.G. and P.T.A.” by Thomas L. Friedman, the author is discussing unemployment as a major society problem. He highlights three main problems, which foster unemployment: increase in global competition mainly because of globalization, fast-growing technology, which eliminates low-skilled workers from the job market and low American educational grades compared to other countries. In the article “Digging Deeper Into What Caused Job Losses” by Casey B. Mulligan the author argues that unemployment was not caused by credit-crunch or demand-based theories. He gives arguments why those theories are not accurate which indirectly approve and agree with the first article. ...view middle of the document...
The author states that it is become really hard to compete with other countries, because their growing education. He gave us an example of Harvard University, which was first attended only by males, and then they allow females to enter the university and after the ending of cold war people from different countries were able to study there. It becomes really hard for white males to compete.
Another deep problem of unemployment is technology. The author argued that “technology went on a rampage-destroying more low-end jobs and creating more high-end jobs faster than ever” he states that people with higher education capable of doing critical thinking have more job opportunities and can not be replaced by computers, machines or wireless technology. This people probably would have higher salary than those without skills. This can be interfering with the article “Digging deeper into what caused job losses” by Casey B. Mulligan. She states that credit-crunch theory of unemployment has not enough evidence. This theory was based on believe that employers were likely to cut payroll spending by cutting deepest among their most expensive employees. This theory was debated by the author who states that “Census data suggesting that employment of people making more than $2000 a week may have been greater in the 12 months after Lehman brothers failed than it was before, even while employment of people less than $2000 a week fell several million” the author states that during the unemployment years there was rising number of people earning high salaries which supports the idea from the first article stating that high-skilled workers are more welcomed that least-educated.
The third deep problem of unemployment is raising value of education. Those who did not receive higher education or dropped the college will have not enough chances to get a well-paid job. “Finally, just when globalization and technology were making the value of higher education greater than ever, and the price for lacking it more punishing than ever”.
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