As workforces become more educated in countries with comparative advantages in labor-intensive products,cheap labor becomes:

Question

Quizplus · Accepted Answer

As workforces become more educated, the relative abundance of cheap labor decreases because workers are becoming more skilled and are able to demand higher wages due to their increased human capital. This means that skilled labor becomes relatively more abundant compared to cheap labor.

As Workforces Become More Educated in Countries with Comparative Advantages