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First, the overall distribution of hourly and weekly earnings across all workers in the economy has grown wider. Second, consistent with this rise, the wage gaps between workers with different levels of education, especially between college graduates and workers with no more than a high school diploma, have also increased. This rise in “between education-group” earnings disparity, however, accounts for only a modest fraction of the rise in overall wage dispersion because of the third pattern: The variance of wages among workers with the same level of education has also grownquot;
 (Wheeler, 2005, p375).<br /> <br />Nothing happens in a vacuum. These economic components are inextricably interconnected. A critical account of each can lay the foundation of how to adjust to current economic changes. It may even lead to identifying altruistic motivations for manifesting changes within the human community.<br />References<br />Elstrom, Peter (February 23, 2007). quot;
The uneven impact of outsourcing - Certain cities hit hard; others remain largely unscathed.quot;
 BusinessWeek.com Retrieved March 8, 2009 from http://www.msnbc.msn.com/id/17281339/<br />Naím, M. (2009, March). Globalization. Foreign Policy, Retrieved March 8, 2009, from Academic Search Premier database.<br /> <br />Wheeler, Christopher (May/June 2005). quot;
Evidence on Wage Inequality, Worker Education,<br />and Technology quot;
 Federal Reserve Bank of St. Louis Review, May/June 2005, 87(3), pp. 375-93.<br />Princeton University, (2006). WordNet 3.0 Retrieved March 8, 2009 from http://wordnet.princeton.edu/<br /> <br />
Brown Expository Essay
Brown Expository Essay
Brown Expository Essay

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