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Blue-collar blues; is trade to blame for rising US income inequality?

9780881324143

Blue-collar blues; is trade to blame for rising US income inequality?

Lawrence, Robert Z.

Peterson Inst. Int'l Economics

2008

89 pages

$19.95

Paperback

HC110

Is trade to blame for rising US income inequality? Not really, contends Lawrence (trade and investment, Harvard U.), who argues much of the reported gap between real blue-collar wages and labor productivity growth is due to measurement issues and the rapid acquisition of skills by white-collar workers, while only some 30 percent is attributable to conventional wage inequality, the dramatic increase in wages of the richest Americans, and class inequality. Further, the role of trade in these inequalities is quite minimal, he finds in his economic analysis, and they should instead be addressed through use of the tax system to improve income distribution and adjustment policies to deal with worker and community dislocation.

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Publication:Reference & Research Book News
Article Type:Brief Article
Date:May 1, 2008
Words:146
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