This development has been attributed to a number of different causes, the most commonly cited being skill-biased technological change.
What does SBTC stand for?
SBTC stands for Skill-Biased Technological Change
This definition appears frequently and is found in the following Acronym Finder categories:
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We have 23 other meanings of SBTC in our Acronym Attic
- Saved By The Bell
- Scottish Borders Tourist Board (Scotland, UK)
- Short Basic Battery Test
- Simsbury Bank and Trust Company (Simsbury, CT)
- Ministry of Small Business, Tourism, and Culture (Canada)
- Saved By the Cross
- Seattle Bicycle Touring Club (Seattle, Washington)
- Serene Bastards of Tarbae Chaos (gaming)
- Shall Be The Conqueror
- Skill-Biased Technical Change
- Sleeping Bear Trading Company (Michigan)
- Slow Boat to China
- Small Business Technology Coalition
- So Be the Child
- Solid Bare Tinned Copper (grounding connections)
- Southern Baptists of Texas Convention
- Speed Brake/Thrust Controller (US NASA)
- Staffordshire Bull Terrier Club (UK)
- State Blood Transfusion Council (India)
- Stockport Binocular & Telescope Centre, Ltd (UK)
Samples in periodicals archive:
But Goldin and Katz observe that skill-biased technological change is not something new; as they state, "it has driven rapid secular growth in the relative demand for more-educated workers for at least a century.
A popular explanation attributes the primary role to an increase in the rate of growth in relative demand for more-skilled workers, due to skill-biased technological change and a reorganization of work driven by the spread of computer-based technologies.
For example, Feenstra and Hanson (1995 and 1996) claim that increased imports explain much of the rise in US inequality; Machin and Van Reenen (1998) find that the main cause is skill-biased technological change; and Haskel and Slaughter (1997) argue that it is the sectoral bias of skill-biased technological change that matters.
12) TECHNOLOGICAL CHANGE Several investigations of the rising inequality phenomenon have concluded that the principal reason for the rightward shift in the relative demand function is skill-biased technological change (for example, Mincer 1987, Johnson and Bound 1992, and Topel 1994).
Finally, one other topic of great current interest that has received extensive attention by researchers, and which aptly represents the application of the human capital approach, is changes during the past decade in the wage structure, and especially the role of skill-biased technological change in generating these changes--this topic would naturally fit in a text on earning determination.
Together these findings support the notion that skill-biased technological change has contributed substantially to the growth in wage inequality among U.
From the vantage point of an analyst looking at the available data in the mid- to late 1980s, there were many reasons to find skill-biased technological change a plausible explanation for the large increase in inequality that began in the early 1980s.