IT Job Wages Are No Longer Exceptional Information technology jobs were among the fastest rising during the
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IT Job Wages Are No Longer ‘Exceptional’
Information technology jobs were among the fastest rising during the 1990s, bolstered by the dot-com boom. But now, wage growth in IT jobs is relatively moderate. Although IT wages remain high relative to many other occupations, they are no longer “exceptional.” Explain the relationship between wages and technology in this news clip in terms of real business cycle theory.
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Real Business Cycle RBC theory postulates that real inflationadjusted shocks or changes to the economy such as technological advancements can lead to ...View the full answer
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