Which of the following explains the widening earnings gap between skilled and unskilled workers in the United States?
A)International trade has altered the relative demand for skilled and unskilled labor.
B)Changes in technology have altered the relative demand for skilled and unskilled labor.
C)Both a and b are correct.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

Both international trade and changes in technology have contributed to the widening earnings gap between skilled and unskilled workers in the United States. International trade has increased demand for skilled workers in industries that require a higher level of education and training, while technology has replaced many unskilled jobs with automation and machinery, reducing the demand for those workers. As a result, skilled workers are in higher demand and earn higher wages, while unskilled workers have fewer job opportunities and lower wages.

Which of the Following Explains the Widening Earnings Gap Between