Skill-biased technological change the demand for high-skilled workers, while the slowdown in the pace of educational advancement reduces the supply of skilled workers, resulting in relatively wages for skilled workers.
A)Aincreases; higher
B)increases; lower
C)decreases; higher
D)decreases; lower

Question

Quizplus · Accepted Answer

Skill-biased technological change increases the demand for high-skilled workers, and when the supply of skilled workers does not keep up due to a slowdown in educational advancement, it results in higher wages for skilled workers.

Skill-Biased Technological Change the Demand for High-Skilled Workers, While the Slowdown