jobs. In addition, information technology makes it easier for companies to manage connections with low-wage

workers in other countries, thus reducing the demand for low-wage workers in the United States. In the market
for high-wage labor, information technology shifts the demand for high-wage labor to the right. By using the

new information and communications technologies, high-wage labor can become more productive and can

oversee more tasks than before. The following figure illustrates these two labor markets. The combination of

lower wages for low-wage labor and higher wages for high-wage labor means greater inequality.

9. In the market for low-wage labor, a skills program will shift supply to the left, which will tend to drive up wages

for the remaining low-skill workers. In the market for high-wage labor, a skills program will shift supply to the

right (because after the training program there are now more high-skilled workers at every wage), which will
{"producer": "Prince 14.2 (www.princexml.com)", "uploaded_via": "batch_uploader", "total_pages": 597, "file_size_mb": 26.99, "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "title": "Principles of Microeconomics 3e", "file_type": ".pdf", "batch_upload": true, "creationdate": "2022-12-07T14:15:44-06:00", "upload_timestamp": "2026-02-07T15:37:44.339247", "moddate": "2022-12-07T14:23:05-06:00", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "source": "downloads\\business\\economics\\Microeconomics3e.pdf", "creator": "PDFMiner", "file_name": "Microeconomics3e.pdf"}