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In a 200 word limit. When we discuss wages and what supports wages we also have to look at supply and demand for labor and the way technology has...

In a 200 word limit.

When we discuss wages and what supports wages we also have to look at supply and demand for labor and the way technology has changed labor. For instance the globalization of our economy and transfering unskilled labor positions to other countries to save on production has changed the wages in our economy. Now people who might have been working a minimal job will take the opportunity to find work that compensates them more than unskilled labor. Do you think our country depends too much on the service industry?

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