In the context of the future of work, 'Skill-Biased Technical Change' refers to:
A. Technical change that only benefits unskilled labour
B. Technological progress that raises the relative demand for skilled labour and contributes to wage inequality
C. Only the displacement of all labour
D. Technical change that is neutral across skill groups
Answer: Option B
Solution (By JKSSB Mock Tests)
Skill-biased technical change describes innovations that complement skilled workers more than unskilled workers, increasing the relative demand for and returns to skill and contributing to rising wage inequality.
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