[Update: after publication, Amazon reached out to say that "not all premium skill experiences will necessarily be free as part of Amazon Prime". In other words, skill pricing is still in flux.].
They enhanced the value of the plantation but their skills weren't seen as valuable or premium". .
As technological progress puts an ever-growing premium on skills, poorly educated workers are falling behind.
Cable networks are staging more debates than ever, obliging candidates to build their fall schedules around preparing for and traveling to the slickly produced televised clashes, and putting a premium on skills different from those of retail campaigning.
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.
"In a world in which machines came to dominate tasks involving core cognitive processing, the importance of, and skill premium attached to, non-cognitive skills is likely to rise…yet our education system, at present, has a strongly cognitive slant" he said.
Globally, we face enhanced competition that places a premium on higher skills, but we lack sufficient numbers of people with those skills.
Skills are a person's passport through life, and in a fast-changing digital economy, the premium paid for skills is only likely to rise.
Just about all economic estimates indicate that the widening of the skill premium itself is more a result of "skill-biased technological change", a growing demand for highly educated workers due to the rising importance of information technology, than a result of globalization.
