> That logic should also work in reverse: If high-skill talent is rare their wages should rise. Which is precisely why the top 10% in the Silicon Valley are ea

> That logic should also work in reverse: If high-skill talent is rare their wages should rise. Which is precisely why the top 10% in the Silicon Valley are earning more money. Some of what would otherwise be localized gains are offset by globalization and offshoring, but income is definitely going up for those people in the Valley. I don’t know about Germany- that’s not where the article was about so it’s not terribly relevant here.