Many economies include Canada experienced skill-biased technological change. The neoclassical theory of distribution predicts skill-biased technological change 1 Select ] v the demand for high-skilled workers. However, a slowdown in the pace of educational advancement reduces the supply of skilled workers. If we observed both phenomena simultaneously, we would expect (Select) real wages for skilled workers.
Many economies include Canada experienced skill-biased technological change. The neoclassical theory of distribution predicts skill-biased technological change 1 Select ] v the demand for high-skilled workers. However, a slowdown in the pace of educational advancement reduces the supply of skilled workers. If we observed both phenomena simultaneously, we would expect (Select) real wages for skilled workers.
Chapter1: Making Economics Decisions
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