PUBLIC POLICY: What are the Sources of Wage Inequality? By Dr. OREN LEVIN-WALDMAN

eHezi Governance Leave a Comment

The conventional explanation for growing wage inequality is often referred to as the skills-biased towards technical change theory. This holds that with globalization and increased capital mobility, the economy has changed from industrial production to a post-industrial service based economy. The former did not need a greatly skilled workforce, but the latter, being technologically more advanced, did require much greater skill. …

eHeziPUBLIC POLICY: What are the Sources of Wage Inequality? By Dr. OREN LEVIN-WALDMAN