The U.S. labor market has not delivered for many Americans since the early 1970s. Over the whole period, the real wage of the median worker is largely unchanged, and the real earnings for non-college educated workers have declined. At the same time, the wages of the highly skilled have increased dramatically. Furthermore, in the last two decades, employment opportunities have become more polarized to disproportionately favor high and low skill sectors. The result of these changes is a sharp rise in income inequality that threatens the social fabric of the nation.
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