It Is Anticipated That the Worldwide Shortage of Highly Skilled,college-Educated

question 20

Multiple Choice

It is anticipated that the worldwide shortage of highly skilled,college-educated workers will increase significantly by 2020,according to research by McKinsey Global Institute.Some companies are going as far as to redefine the jobs of their experts and are transferring some of their tasks to lower-skilled people inside and outside of their companies.By redefining these ________ knowledge jobs,they address ________ shortages and ________ costs while enhancing job satisfaction.

• A) high-value; skill; lower
• B) low-value; monetary; decrease
• C) high-value; personnel; increase
• D) high-value; skill; increase

Identify trends and changes in wage inequality and their implications on gender, education, and race.

Explore the historical context and evolution of labor market regulations and their impact on workers.

Understand the concepts and effects of substitution and income effects in labor markets.

Recognize the shape and characteristics of the labor supply curve.