The Rising Gap in Wages Between Unskilled and Skilled Workers

question 140

True/False

The rising gap in wages between unskilled and skilled workers is most likely related to a larger increase in demand for unskilled occupations relative to skilled occupations.

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Definitions:

Grobalization

A term coined to describe the process of cultures or businesses absorbing influences from others and becoming more similar globally, often driven by capitalist markets.

Globalization

The process by which businesses, cultures, and societies become more interconnected and interdependent through trade, technology, and cultural exchange.

Substantively Lacking Phenomena

Phenomena that lack substantial content or depth, often resulting in a need for further examination or understanding.

Transnational

Refers to processes, phenomena or institutions that transcend or operate across national boundaries.