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Widening the wage gap: the skill premium and technology

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  • Keith Sill

Abstract

Our final article looks at the difference in wages between high-skill workers (such as those who might work in biotech) and low-skill workers. This skill premium has increased dramatically over the past 30 years. Although economists are still debating the causes of this increase, it seems likely that skill-biased technical change has played a large role. As companies have invested in new technologies, demand for workers who can use them has surged. In \\"Widening the Wage Gap: The Skill Premium and Technology,\\" Keith Sill reviews the literature and tells us why some theories fall flat and why technology seems to be the key to the widening wage gap.

Suggested Citation

  • Keith Sill, 2002. "Widening the wage gap: the skill premium and technology," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 25-32.
    • Handle: RePEc:fip:fedpbr:y:2002:i:q4:p:25-32
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2002/q4/brq402ks.pdf
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    Cited by:

    1. Riska Dwi Wulandari & Susilo & Dias Satria, 2018. "Income Inequality between Formal-Informal Employees Based on Education Group," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 64, pages 25-42, Juni.
    2. Roc Armenter, 2015. "A bit of a miracle no more: the decline of the labor share," Business Review, Federal Reserve Bank of Philadelphia, issue Q3, pages 1-9.
    3. Sushanta K. Mallick & Ricardo M. Sousa, 2012. "Is Technology Factor-Neutral? Evidence from the US Manufacturing Sector," NIPE Working Papers 26/2012, NIPE - Universidade do Minho.

    More about this item

    Keywords

    Technology; Productivity; Wages;
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