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Historical Reference - In the United States such factors have caused an overall increase in the supply of skilled labor during the 20th century.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:
“And since the average lifetime—the relative longevity—is far greater for memories of poetic sensations than for those of heartbreaks, since the very long time that the grief I felt then because of Gilbert, it has been outlived by the pleasure I feel, whenever I wish to read, as in a sort of sundial, the minutes between twelve fifteen and one o’clock, in the month of May, upon remembering myself chatting ... with Madame Swann under the reflection of a cradle of wisteria.”
—Marcel Proust (1871–1922)
“Friends and contemporaries should supply only the name and date, and leave it to posterity to write the epitaph.”
—Henry David Thoreau (1817–1862)
“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)
“Labor came to humanity with the fall from grace and was at best a penitential sacrifice enabling purity through humiliation. Labor was toil, distress, trouble, fatigue—an exertion both painful and compulsory. Labor was our animal condition, struggling to survive in dirt and darkness.”
—Shoshana Zuboff (b. 1951)