According to the Office for National Statistics, the wages of highly skilled wor
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According to the Office for National Statistics, the wages of highly skilled workers grew more slowly than the wages of low-skilled workers for the period January 2015 to December 2017. This led to a reduction in wage differentials between highly skilled and low skilled workers. Using Spence’s model of labour market signalling, discuss how this development will affect the decision of highly skilled workers to invest in a signal.