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It will be possible, therefore, 7 I am not aware of estimates of the gains associated with trade with Asia. Bradford, Grieco, and Hufbauer estimate the gains for the United States associated with all of the trade liberalization that occurred between 1947 and 2002 at $600 billion, or about $2,200 per capita. See Scott C. Bradford, Paul L. E. Grieco, and Gary Clyde Hufbauer, “The Payoff to America from Global Integration,” in C. ), The United States and the World Economy (Washington, DC: Institute for International Economics, January 2005), p.

That process is seen as more likely to be reversed than technological change. As Scheve and Slaughter point out, most people believe that technological 10 Kenneth F. Scheve and Matthew J. Slaughter, Globalization and the Perceptions of American Workers (Washington, DC: Institute for International Economics, 2001), pp. 9, 11. 11 Thus, while a Ludditetype opposition to technological change possesses no political traction, there is a strong antiglobalization political constituency among the American people.

4 Edward N. Wolff, Does Education Really Help? Skill, Work and Inequality (New York: Oxford University Press, 2006), pp. 27, 65,157, 233. 16 15:51 P1: JzG 9780521885898c01 CUNY1191/Mandle 978 0 521 88589 8 October 3, 2007 The Economics of Income Inequality Even Wolff’s dissent, however, can be interpreted as supporting the hypothesis that the real problem causing inequality is not technological change but the way a country responds to it. If most computer-related jobs in fact are only clerical positions requiring little formal education, the fact of the growing wage premium at the top of the occupational structure suggests a shortage in the availability of the kinds of workers who can fill these positions.

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