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And what accounts for the rising skill premium?
What we know, however, is that rising inequality isn't mainly about the rising skill premium.
The rising skill premium has rewarded those with lots of education, and social shifts have reinforced the income concentration.
Todays schools must offer a rigorous academic curriculum to prepare their students for the rising skill demands of the modern economy (Levy and Murnane, 2004).
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It has been highly open to foreign investment and has shown generally rising skill utilisation since the 1980s (Felstead et al. 2013).
From IBM's Blockchain Foundation for Developers to Google's IT Support Professional Certificate to Deeplearning.ai's Deep Learning, leading companies around the world are turning to online education to help address rising skills shortages.
But what is also true, says Katz, was that even before the Great Recession we had a mounting skills problem as a result of 25 years of U.S. education failing to keep up with rising skills demands, and it's getting worse.
Young men more interested in playing video games than working, people claiming disability as a new form of permanent welfare, people actually disabled, and a rising skills mismatch as physical jobs shrink have all been advanced as possible explanations.
The shrinking number of young people entering the work-force coupled with the rising technical skills required by the Aerospace Industry make the task of utilizing minority workers particularly critical between now and the start of the 21st Century.
The growth of graduate jobs is linked to the rising demand for high skills, as concluded by the substantial research literature on skill-biased and task-biased technological change (e.g. Acemoglu and Autor 2011; Goos et al. 2014).
Jaimovich looked at gender work patterns in the US since 1980 and found a significant fraction of the increase in the share of women in "good jobs" – high-skilled work involving cognitive ability – which he puts down to the rising importance of social skills.
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CEO of Professional Science Editing for Scientists @ prosciediting.com