Tuesday, August 21, 2012

OECD on Education and Jobs

Analysts have put forth several theories to explain the rising inequality and waning social mobility. Some blame globalization, which has made it easier to outsource jobs to low-income locations.

Others blame changes in our social fabric. For example, a rise in single-parent families keeps some households locked in poverty, while a phenomenon called assortative mating,  men and women seeking partners from similar social classes, has tightened the ranks of the wealthy.

The Organization for Economic Cooperation and Development contends that neither globalization nor changes in family structure are the main culprits. It identifies rapid technological change and the deregulation of job markets as the factors. Thus, the O.E.C.D. says job creation must be accompanied with investment in education.