A reason for the increase in demand for workers with high levels of labor skills is

Question

Quizplus · Accepted Answer

Increased technological advances require workers with higher levels of labor skills to operate and maintain the advanced equipment and technology. With reduced international trade from protectionism, there may be less demand for workers with high levels of labor skills since there is less competition and incentives to innovate. However, this factor is not as significant as the impact of technological advances, hence option C is incorrect. Greater taxes paid on income earned may be a factor for incentivizing workers, but it is not a reason for the increase in demand for workers with high levels of labor skills. Therefore, option A is incorrect.

A Reason for the Increase in Demand for Workers with High