The growing premium results more from the declining pay of high school graduates than from salary trends for college graduates.
The fastest growing premium markets were routes to and from the Middle East, where traffic in the first- and business-class seats increased 20.6percentt.
As many economists have lately been pointing out, these days the old story about rising inequality, in which it was driven by a growing premium on skill, has lost whatever relevance it may have had.
The reasons are manifold: the growing premium a college education commands, technological change that favors mind over muscle, the growth of the financial sector, the loss of manufacturing jobs to automation and foreign competitors, and the decline of labor unions.
But advertising executives have put a growing premium on younger viewers, who they say are more open to messages but harder than ever to reach because they have so many new media choices while leading very busy lives.
Greene King said it was interested in the "growing premium eating and drinking out market", and has now either bought or secured undertakings on 46% of Capital Pubs' total share capital.
Since the 1980s economists have used the term "the feminisation of labour" to refer to the growing premium of communication and interpersonal skills, perceived emotional intelligence and other supposedly feminine attributes at work, and also to the development of an insecure, low-paid, low status, disposable workforce.
There is a growing premium car sector in India but it is tiny in comparison with China's luxury market".
But inequality is increasing within the 99%, too, as a consequence of a growing premium on college and postgraduate education: The fates of the tech-savvy worker at Google and the blue-collar employee at General Motors have been decoupled (see Autor, p. 843).
Agricultural activity relatively unimportant to Hong Kong's economy and contributing just 0.1% of its GDP primarily consists of growing premium food and flower varieties.
