The rising gap in wages between unskilled and skilled workers is most likely related to a larger increase in demand for skilled occupations relative to unskilled occupations.

Question

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As the demand for skilled occupations increases, the supply of workers with the necessary skills may not keep pace, leading to higher wages for these workers. On the other hand, the supply of unskilled workers may exceed the demand, leading to lower wages for these workers. This results in a widening wage gap between skilled and unskilled workers.

The Rising Gap in Wages Between Unskilled and Skilled Workers