Sentence examples for skill-biased technological change from inspiring English sources
The phrase "skill-biased technological change" is correct and can be used in written English
It refers to a specific type of technological innovation that favors workers with advanced skills and knowledge. Example: "The introduction of artificial intelligence has led to a skill-biased technological change, as companies now require workers with specialized training to operate and maintain these sophisticated systems."
The original idea of a "race between education and technology" — or "skill-biased technological change," as it's known in academia — posited that new technologies increase the demand for skilled workers.
Is the big rise in inequality due to technology or SBTC (skill-biased technological change) as the economists like to call it?
Decreased growth - especially demographic growth - is thus responsible for capital's comeback.It is interesting to reflect on how this thesis fits in with the Tyler Cowen "Average is Over" argument about how a tech-savvy elite will inevitably dominate the low-skilled masses (and the associated argument that inequality is down to skill-biased technological change).
"Skill-biased technological change" or "superstar economics" are incomplete explanations of rising inequality.
"If they're caused by globalization and skill-biased technological change, they're likely to continue or accelerate".
For much of the 20th century, however, skill-biased technological change was outpaced by advances in educational attainment.
With skilled-biased technological change, the increase in the stock of more educated workers can be easily absorbed in each sector, consistent with a strong increase in the intensity of use of skilled labor in most sectors of the economy.
18This would later become known as skilled-biased technological change and would be regarded as a powerful argument in favour of expanding the qualifications of the labour force (see Goldin and Katz [1998]; Autor et al., [2003]).
Rather than focusing on trade, economists argued that other factors – especially "skill-biased technical change," technological innovation that puts an added premium on skilled workers – played the biggest role in holding down middle-class wages.
Topics include inequality, polarization and skill-biased technical change, discrimination, technology adoption and the spread of information, management practices, field experiments, peer effects and academic spillovers.
Conventional wisdom in economics has long held that technological change affects income inequality by increasing the rewards to skill — through a dynamic called "skill-biased technical change". Losers are workers whose job can be replaced by machines (textile workers, for example).
