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The idea that the unskilled labor force is characterized by lower educational attainment such as having high school diplomas or GEDs and that this typically results in lower wages is also outdated.
Over the past two decades, labor has become increasingly globalized ... grown broadly in line with each other, but employment in unskilled sectors has contracted. Globalization is a vital force ...
Only a few decades ago, it was a barely industrialized economy with a mostly unskilled labor force. Simply adding capital to its economy created many manufacturing jobs that were more productive ...
That also means losing the unskilled, lower-paid worker to ... calculated the U.S. labor force will likely grow by 5.2 million people and $7 trillion by 2033 “thanks especially to net ...
Betsey Stevenson is a professor of public policy and economics at the University of Michigan. She was on the president’s Council of Economic Advisers and was chief economist at the US Department ...
While contractors tend to focus on expensive skilled labor when estimating project costs, our recent study found that unskilled workers have seen the largest wage gains in recent decades.