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For advanced economies, such imbalances would likely lead to more long- term and permanent joblessness. More young people without post-secondary training would fail to get a start in the job market and older workers would drop out because they don't qualify for jobs that are being created. The polarization of incomes between high- and low-skill workers could become even more pronounced, slowing the advance in national living standards, and increasing public-sector burdens and social tensions. In some advanced economies, less-skilled workers could very well grow up poorer than their parents, in real terms.

The Chicago Fed examines the evidence and says: we find limited evidence of skills mismatch They do find a few places where a mismatch might be present, but this is not the problem in most sectors (it's lack of demand). [via David Wessel]

Codeacademy is a start-up teaching people to code. It has tremendous succes. 

Will the evolution of the internet reduce or increase cognitive inequality? The answer may not be so straightforward.