| Publisher | London School of Economics and Political Science | ||
|---|---|---|---|
| Format | 372.1KB PDF, requires Acrobat Rdr 5 | Date added | 01 Jun 2004 |
| Topics | Performance Budgeting and Management, Human Capital Management | ||
| Downloads | 32 | ||
There is little doubt that technology has had the most profound effect on altering the tasks that humans do in our jobs. Economists have long speculated on how technical change affects both the absolute demand for labour as a whole and the relative demands for different types of labour. In recent years, the idea of skill-biased technical change has become the consensus view about the current impact of technology on labour demand, namely that technical change leads to an increase in the demand for skilled relative to unskilled labour painting a bleak future for the employment prospects of less-skilled workers.
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