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?
Recently Asked Questions
- A share of stock is expected to pay a dividend of $1 in one year, and $1.50 in two years. After that, its dividends are expected to grow at a rate of 5% per
- Please refer to the attachment to answer this question. This question was created from 2013s1 assignment1.
- Please refer to the attachment to answer this question. This question was created from Module 8 Summative Assessment.