“The aim of this paper is to examine the sources and nature of this exchange, that is,
which jobs are being substituted. The situation in which the level of employment increases with (not necessarily because of) declining real wages is described in this paper as a case of “mass employment”, reflecting a tendency within the economy to provide jobs for everybody but at a diminishing real wage. We describe as a case of “quality jobs” a situation where the labour market offers jobs for relatively fewer people but at higher real wages, perhaps because the available jobs have higher educational and skill requirements.”
