ConceptSkill-Biased Technological Change / SBTC
Skill-Biased Technological Change
A concept in technology economics describing the phenomenon whereby new technologies, while raising overall productivity, generate disproportionately higher demand and wage premiums for high-skilled workers rather than uniformly benefiting workers across all skill levels, thereby widening the gap between high-skilled and low-skilled labor.
Timeline (last 90 days)
Oct 1
Skill-biased technological change refers to new tools that raise the premium on high-end skills while increasing overall output, rather than evenly closing the capability gap among all people.
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