Essay about Unemployment: Unemployment and Casey B. Mulligan

Submitted By iriska347
Words: 551
Pages: 3

New York unemployment rates are relatively high. People are trying to analyze the causes of this situation and explain reasons of unemployment in the United States. In the article “U.S.G. and P.T.A.” by Thomas L. Friedman, the author is discussing unemployment as a major society problem. He highlights three main problems, which foster unemployment: increase in global competition mainly because of globalization, fast-growing technology, which eliminates low-skilled workers from the job market and low American educational grades compared to other countries. In the article “Digging Deeper Into What Caused Job Losses” by Casey B. Mulligan the author argues that unemployment was not caused by credit-crunch or demand-based theories. He gives arguments why those theories are not accurate which indirectly approve and agree with the first article. Unemployment in The United States caused by global competition, fast-growing technology and lack of qualitative education and not caused by credit-crunch or product demands. The first deep problem fostering unemployment is global competition. “And as the education systems of China, India, Singapore, Poland and Vietnam continue to improve, and more of their cream rises to the top and more of their young people apply to ivy League schools, it is only going to get more competitive for American men and women at every school”. The author states that it is become really hard to compete with other countries, because their growing education. He gave us an example of Harvard University, which was first attended only by males, and then they allow females to enter the university and after the ending of cold war people from different countries were able to study there. It becomes really hard for white males to compete.
Another deep problem of unemployment is technology. The author argued that “technology went on a rampage-destroying more low-end jobs and creating more high-end jobs faster than ever” he states that people with higher education capable of doing critical thinking have more job opportunities and can not be replaced by computers, machines or wireless technology. This people probably would have higher salary than those without skills. This can be interfering…