“In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.”
Quote by Christina Romer
Author
Christina Romer
Christina Romer is a renowned economist born on December 25, 1958. She has conducted extensive research in economics, particularly in the fields of macroeconomics and economic growth. Professor Romer taught at the University of California, Berkeley, and served as the chair of the National Bureau of Economic Research (NBER) during the Obama administration. more
You May Also Like
“I'm 86 and my doctor used to tell me to slow down - at least he did until he dropped dead.”
“I was born in the USA, which many people still find hard to believe.”
“I can't really make fun of zombies. They're not liars. They're not cheats.”
“I keep a little notebook of things that I can do to the zombies that might be silly and fun.”