The change in income inequality thus occurred against a backdrop of an increase in the wage skill premium, in the relative supply of skilled workers, and on increased use of skilled labor across economic sectors.
So if the rewards for skills are so high, why is the supply of skilled workers so sluggish?
Specifically, the skill premium may widen if the relative supply of skilled labor falls.
"We used to have an ample supply of skilled and motivated employees.
This investment boom is already straining the supply of skilled labor.
Innovation in higher education, such as online teaching, would help raise the supply of skilled workers.
Because growth in the supply of skilled workers has slowed, their wages have grown relative to those of the unskilled.
The increased number means there is ample supply of skilled replacements when veteran commanders retire, Police Commissioner Howard Safir said.
We should reform immigration along the lines currently suggested and increase the supply of skilled labor in the world.
We operate in a little backwater of the economy, and there's a limited supply of skilled woodworkers.
It highlighted a "vicious cycle of monolingualism" that is causing market failure in the demand and supply of skilled linguists across all sectors of the UK economy.
