Advances in Technology Impact Value of Workers’ Skills
It is no secret that advances in technology can greatly impact the value of workers’ skills. Older workers often find the updating of complex technology uneconomic, while younger workers acquire and readily employ skills tailored to the newest technology. The result: the latter group’s productivity rises, diminishing the value of output produced by their older counterparts. A recently published study is the first to model … [ Read more ]
Content: Article | Author: Glenn MacDonald | Source: Discovery@Olin | Subjects: Career, Economics