It also claims there is a risk that the recent influx "could contribute to a 'low-skill equilibrium' in some economically depressed local areas".
This rise rests on what the Commission for the New Economy calls a "low-skilled equilibrium where businesses can compete successfully on low-cost, low-skill business models".
Internal labor mobility can increase the efficiency of the market when surpluses of skills and gaps in skills availability approach equilibrium.
Result 2 above gives that higher values of (b) imply higher (y^) and, from (7), higher price of skills, (w^), in equilibrium.
The dispersion in skills translates in the market equilibrium into dispersion in the span of control among employers.
Consumers in advanced economies benefit from the reduction in prices of traded goods; but low- and even some medium-skill workers lose income as their equilibrium wages fall and their jobs are threatened.
The market equilibrium requires that at the threshold skill values the supply of operational skills is equal to the demand.
You need not be remarkable for your credentials or skill sets, only for your bravery and equilibrium.
Poverty's chains Soft science no more ReprintsPoets and plumbersThe Nobel committee seems to be highlighting the wide range of ideas and skills that comprise modern economics: a healthy equilibrium, you might say, between poets and plumbers.
The third condition for the market equilibrium is that the price of skills solves the condition that supply is equal to demand.
Accordingly, an athlete working out on a stability device to improve his balance skills would exercise in a state of metastable equilibrium.
