By studying the reasons for increasing wage inequality. One of the explanations is skill-biased technical change: demand for high-skill jobs has outpaced the supply of high-skill workers.

Read the recent report from the Center on Education and the Workforce:

(https://cew.georgetown.edu/wp-content/uploads/2014/11/Recovery2020.FR_.Web_.pdf).

As you read, think about the following:

• What occupations and industries are likely to have the greatest shortages in the next few years?
• Are shortages increasing or decreasing relative to previous decades? What does this tell us about the future of wage inequality?
• What job competencies have the highest demand relative to supply? What does this imply about what courses students should take in college?

After you read, post a response to the following question to the Discussion Board:

1. What advice would you give to colleges and graduate schools about investments in new curricula, buildings, research?

Please be sure to use an economic concept from the unit. Include both mathematical expression(s) and an intuitive/graphical explanation of the economic concept.