Globalization and skill-biased technological change have contributed to:
A)the long-term growth in real wages.
B)the slowdown in productivity since 1973.
C)increasing wage inequality.
D)high rates of employment in Western Europe.

Question

Quizplus · Accepted Answer

Skill-based technological differences are increased by the recent globalization of economies. Wage inequality has increased as higher-skilled workers gained at the expense of the lower-skilled workers.

Globalization and Skill-Biased Technological Change Have Contributed To