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So there is a chance that it will lead to a surge in skill formation.
We can see this in the massive surge in skill shortage in 2007 and 2008 when unemployment was low and inflation began to rise: Currently there is much more spare capacity in the labour market, and thus very low pressure on wages.
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This was because there was a surge in demand for higher skills, as globalization and the I.T. revolution intensified, combined with a slowdown in the growth of supply of higher skills.
In "Homeward Bound," Emily Matchar explores a trend she calls the "New Domesticity": the recent surge in popularity of traditional domestic skills like cheese-making, knitting, and home gardening.
David Noble, CEO at the Chartered Institute of Purchasing & Supply, flagged up that the backlog of work is rising, meaning more demand for workers with the right skills: "The surge in demand resulted in backlogs of work escalating at the sharpest rate in over 16 years.
Furthermore, our findings indicate that a last-minute surge in effort is more prevalent among high-skill solvers than in those with lower skill levels.
New Zealand, too, has experienced a surge in interest, and last week raised the skills requirements for applicants.
That is the logic behind predictions of a surge in demand for people with Big Data skills, both technologists and business analysts.
His debating skill fueled his first surge in December – and it also fueled his second rise.
It also allows them to offer more services to clients when they need a specific skill or to meet a surge in work.
These new members aren't the type to pay their dues and sit back; they're telling us about their skills and we're seeing a surge in people who want to be actively involved".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com