The skilled-bias technological change means that
A)the recent technological change has raised the productivity of highly trained or educated workers more than that of the less skilled.
B)the recent technological change has raised the real wage of highly trained or educated workers more than that of the less skilled.
C)the recent technological change has raised the real wage of women more than that of men.
D)all of the above.

Question

Quizplus · Accepted Answer

Skilled-bias technological change means that technological advancements have had a greater impact on the productivity and wages of highly skilled workers compared to less-skilled workers. This is because new technologies often require specialized skills and knowledge that highly skilled workers are better equipped to handle, leading to an increase in demand and higher wages. However, this does not necessarily mean that women's wages have increased more than men's wages.

The Skilled-Bias Technological Change Means That