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Historical Reference - In the United States such factors have caused an overall increase in the supply of skilled labor during the 20th century.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:
“Three elements go to make up an idea. The first is its intrinsic quality as a feeling. The second is the energy with which it affects other ideas, an energy which is infinite in the here-and-nowness of immediate sensation, finite and relative in the recency of the past. The third element is the tendency of an idea to bring along other ideas with it.”
—Charles Sanders Peirce (1839–1914)
“I think it’s a question which particularly arises over women writers: whether it’s better to have a happy life or a good supply of tragic plots.”
—Wendy Cope (b. 1945)
“As they move into sharing parenting, men often are apprentices to women because they are not yet as skilled in child care. Mothers have to be willing to teach fathers—both by stepping in and showing and by stepping back and letting them learn.”
—Nancy Press Hawley. Ourselves and Our Children, by Boston Women’s Health Book Collective, ch. 6 (1978)
“For Afro-Americans, it could be argued that every year they’ve spent in this country since they arrived in chains to perform forced labor has been 1984.”
—Ishmael Reed (b. 1938)