Why read The Race between Education and Technology?

Book cover of The Race between Education and Technology

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This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system…

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Why read it?

1 author picked The Race between Education and Technology as one of their favorite books. Why do they recommend it?

Jonathan Rothwell

Author

To understand why some workers are paid more than others, you have to understand how skills are valued and rewarded in the labor market, and how that has changed, as the economy has evolved.

Focused on the United States, Katz and Goldin provide a sweeping overview of how education leads to skills and income, drawing on the most well-established theories in economics. It misses some important causes of inequality, but is essential for understanding the one of the deepest economic forces governing wages: the supply and demand of human capital.

From Jonathan's list on The best books explaining why some groups of people tend to be richer or poorer than others.