-In the figure above, if information technologies are introduced that are complements for high-skilled workers and substitutes for low-skilled workers, the wage rate of high-skilled workers will ________ and the wage rate of low-skilled workers will ________.

Question

Quizplus · Accepted Answer

The introduction of information technologies that complement high-skilled workers increases their productivity, leading to a rise in their wage rate. Conversely, if these technologies substitute low-skilled workers, their demand decreases, leading to a fall in their wage rate.

-In the Figure Above, If Information Technologies Are Introduced That