> I believe it's more like a Red Queen race, meaning that as soon as you increase the average education of potential employees, companies will equally raise the

> I believe it's more like a Red Queen race, meaning that as soon as you increase the average education of potential employees, companies will equally raise their requirements. Competition is always the way these things get tied to absolute metrics and not relative ones. If people can be made more productive by giving them skills, they would be worth paying more. If you underpay employees and pocket too much of the value they produce, then a competitor can come along underpay a bit less but still make a profit, and hire away your employees.