ABSTRACT
This chapter explains how the benefits of high-tech development are distributed between less- and more-educated workers and compares distribution of regions that do not follow an education-intensive development path. It also explains social equity and sustained growth possible under these conditions. As high-tech activity increases in a region it attracts workers of all skill levels, causing employment upsurges that are more substantial for college graduates than for high-school graduates. High-tech regions with few restrictions on urban growth could exhibit different housing prices and wage patterns which would allow its residents to stay in the region and enjoy both the employment and wage benefits from economic growth in knowledge-intensive sectors. With regard to low-skill wages in high-tech regions and how they compare to non-high-tech regions, existing labor-market models. High-tech regions started the decade with higher wages and had less space for these wages to grow, while non-high-tech regions started low and were able to catch up with them.
