Principles of Microeconomics / Unit 3 MIC 0213 short lesson, about 20 seconds
Technology and the Wage Gap
Captions available
The idea
Run the four steps twice. Information technology substitutes for routine low-skill work, shifting that demand left: wage and employment fall. It complements high-skill work, shifting that demand right: both rise.
In practice
The gap between the two wages widens from both ends.
Where people slip
The model gives the direction; how much of the measured gap it explains is an attributed estimate, not voiced here.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
- Nothing yet depends on this.
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