If pay differentials have narrowed because of an increase in the relative supply of skilled workers, we can be hopeful that declining inequality in Latin America will not stand in the way of faster growth (and may even be an early indicator of it). But if the underlying cause is the decline in demand for skilled workers, smaller differentials would suggest that the modern, skill-intensive industries on which future growth depends are not expanding sufficiently.
如果薪酬差异是因为高技能工人相对供给增加而收窄，那么我们可以寄希望于拉丁美洲不平等程度的下降不会干扰增长加速（甚至可能是增长加速的早期信号）。但如果基础原因是高技能工人需求下降，那么薪酬差异缩小意味着作为未来增长基石的现代技能密集型产业扩张不足。