Many economists believe that skill-biased technical change has increased the incomes of both highly skilled workers and low-skill workers

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Skill-biased technical change is a concept that refers to technological advances that favor increased productivity and efficiency for highly skilled workers, while reducing demand for low-skill workers. As a result, many economists believe that such changes have led to an increase in income inequality, with highly skilled workers benefiting at the expense of low-skill workers. Therefore, it is not true that skill-biased technical change has increased the incomes of both highly skilled workers and low-skill workers.

Many Economists Believe That Skill-Biased Technical Change Has Increased the Incomes