Relative Supply of Skilled Labor
Education is an important factor in increasing skill level. The increase in number of people attending high schools and colleges contribute to the increase in the supply of skilled labor. Mass education, however, is not the only factor. Immigration is also a big contributor. Immigrants created a bimodal skill distribution, where most immigrants were either low skill or high skill workers. There were few who were in between.
Historical Reference - In the United States such factors have caused an overall increase in the supply of skilled labor during the 20th century. The shift from unskilled to skilled labor can be attributed to increases in human capital, or in other words increasing the efficiency of humans through investment in knowledge. The American boom in public education, specifically high schools, congruently increased the level of human capital and total factor productivity.
Read more about this topic: Skill (labor)
Famous quotes containing the words relative, supply, skilled and/or labor:
“Man may have his opinion as to the relative importance of feeding his body and nourishing his soul, but he is allowed by Nature to have no opinion whatever as to the need for feeding the body before the soul can think of anything but the body’s hunger.”
—George Bernard Shaw (1856–1950)
“Local television shows do not, in general, supply make-up artists. The exception to this is Los Angeles, an unusually generous city in this regard, since they also provide this service for radio appearances.”
—Fran Lebowitz (b. 1950)
“Apart from the fact that women posess the equipment for lactation, mothers seem no more predisposed to, or innately skilled at, child care than are fathers, siblings or non parents. Besides, women obviously come in a variety of shapes, sizes, talents and temperaments. Why shouldn’t they vary in degrees of motherhood?”
—Shari Thurer (20th century)
“... feminism is a political term and it must be recognized as such: it is political in women’s terms. What are these terms? Essentially it means making connections: between personal power and economic power, between domestic oppression and labor exploitation, between plants and chemicals, feelings and theories; it means making connections between our inside worlds and the outside world.”
—Anica Vesel Mander, U.S. author and feminist, and Anne Kent Rush (b. 1945)