In coming years, high-tech growth areas such as computer technology, biotechnology, and robotics are likely to experience a
A) surplus of labor.
B) significant decline in market demand, leading to a stagnant labor market.
C) shortage of skilled labor.
D) stable equilibrium in the labor market.

Question

Quizplus · Accepted Answer

As high-tech industries continue to grow, the demand for skilled labor to fill specialized roles in computer technology, biotechnology, and robotics is likely to increase. This could result in a shortage of skilled labor as the supply of workers with the necessary expertise may not be able to keep pace with the demand. This would lead to increased competition for talent and potentially higher wages for those with the desired skills.

In Coming Years, High-Tech Growth Areas Such as Computer Technology