July 25, 2008
Supply-Side Education
What explains the growing gap in wages?
In a 1996 television interview that was partly shot in an elementary-school computer lab, Laura D'Andrea Tyson, who was then chair of Bill Clinton's Council of Economic Advisers, tried to explain rising inequality in America.
"In the early 1970s," Tyson said, "a college graduate earned something like 45 percent more than a high-school graduate. Today a college graduate earns 84 percent more than a high-school graduate. What's happened is
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