If, as some economists believe, changes in technology over recent decades have brought about changes in labor markets, then those changes likely have resulted in
A)reduced emphasis on compensating differentials as an explanation for wage differences.
B)a reduced emphasis on human-capital differences among workers as an explanation for wage differences.
C)a narrowing of the earnings gap between high-skilled workers and low-skilled workers.
D)a widening of the earnings gap between high-skilled workers and low-skilled workers.

Question

Quizplus · Accepted Answer

The changes in technology have led to an increased demand for highly skilled workers who can navigate and manage complex technological systems. This has widened the earnings gap between high-skilled workers and low-skilled workers. Therefore, option D is the best choice.

If, as Some Economists Believe, Changes in Technology Over Recent