As wages of skilled workers rise, people will invest more time, money and effort in acquiring skills, reducing the supply of unskilled labour and thereby raising its wage.
These findings suggested that in some cultures, academic skills may not be particularly valued; as a result, the brighter children invest more effort in acquiring practical skills.
It has also increased their incentives to invest time and effort in acquiring skills, particularly slow-burning skills that are hard to learn and take many years to pay off.
Last year, I made a big effort in acquiring more artworks like Anthony Caro, a new Sol LeWitt, a major Larry Bell piece, several things that are very significant and really give a very international dimension to the foundation.
These continually updated lists acknowledged the significant effort in acquiring data, including the reality that it is not always possible to repeat field or experimental work, and allowed future generations to build new interpretations that took into account pre-existing results.
If the primary mode of cultural transmission was indirect bias, then we might predict that such suboptimal traits may have hindered scientific progress more than commonly assumed, as subsequent generations wasted effort in acquiring these traits and devoted less time to innovation.
In this context, 'actively' means that patients invest effort in acquiring information and making a conscious decision based on that information.
Yet all learning requires tuition, and every company faces the risk that the effort involved in acquiring new capabilities may draw off too many vital resources and threaten the domestic business.
In contrast, people will only be persuaded to invest time, effort, and money in acquiring products, if they are likely to generate positive emotions.
