What is the 'race between education and technology' theory?
The 'race between education and technology,' which I explored with Claudia Goldin, posits that technological progress often increases the demand for skilled labor. However, the supply of skilled labor, primarily through advancements in education, can respond to this demand. The overall wage structure and inequality are determined by which of these forces—the demand-pull of technology or the supply-response of education—is advancing more rapidly.
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