Prof. Mankiw approvingly quotes 2 other economists on the rising wage inequality in the U.S. -
“the sharp rise in inequality was largely due to an educational slowdown.”
In the very same edition of the same paper, we learn that:
Even now, roughly 15 percent of college-educated workers find themselves in jobs for which they are overqualified, the Economic Policy Institute reports, and many of these jobs pay less than $20 an hour.
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