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However a given technological innovation can affect

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However a given technological innovation can affect different workers in different ways. Skill-biased technical change: Raises the marginal product of high-skill workers Reduces the marginal product of low-skill workers
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25 Ds real Su real Ss wage wage Ds Du Du Employment Employment Unskilled workers Skilled workers Fall in wages and Rise in wages and employment employment
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26 Unemployment Definitions Labour Force equals the total number of people available for work. Labour Force = Employed + Unemployed ABS Definitions Employed: Person worked full-time or part-time during the past week (or was on leave from a regular job)
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