The growing income inequality is a result of the wages for skilled wor

QUESTION

The growing income inequality is a result of the wages for skilled workers being discounted.

Indicate whether the statement is true or false.

ANSWER

FALSE
The growing income inequality is a result of the wages for skilled workers being bid up by the labor market and the wages for unskilled workers being discounted. In fact, evidence suggests that technological change has had a bigger impact than globalization on the declining share of national income enjoyed by labor