Chapter

High Skills, Low Wages

Phillip Brown, Hugh Lauder and David Ashton

in The Global Auction

Published in print December 2010 | ISBN: 9780199731688
Published online May 2012 | e-ISBN: 9780199944125 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199731688.003.0019
High Skills, Low Wages

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This chapter considers the full impact of the global auction, as well as the influence of having access to college credentials. It examines the possibility that decreasing returns to human capital will be blamed on the aftermath of an economic crash instead of a secular shift in the global balance of economic power. This is followed by a study of the American corporate elites and those who do not have a college degree. The discussion also looks at earnings, which are part of the total rewards for workers. The chapter also examines human capital, the global middle class, the importance of the national context in shaping the global auction for American workers, and the introduction of new technologies as a source of income inequalities.

Keywords: global auction; college degree; corporate elites; human capital; economic crash; economic power; earnings; global middle class; income inequalities

Chapter.  7193 words.  Illustrated.

Subjects: Occupations, Professions, and Work

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