4. Explain why the general level of wages is higher in the United States and oth

Question

4. Explain why the general level of wages is higher in the United States and other industrially advanced countries. What is the single most important single factor underlying the long-run increase in average real-wage rates in the United States?

5. "Many of the lowest-paid people in society—for example, short-order cooks—also have relatively poor working conditions. Hence, the notion of compensating wage differentials is disproved." Do you agree? Explain.

6. Which industries and occupations have the highest rates of unionization? Which the lowest? Speculate on the reasons for such large differences.

Explanation / Answer

4. The general wage has increased due to increased prosperity, an increase in educational attainment, and advanced in technology. 5. It is not disproved, as some jobs are very low-skill and therefore do not have high compensation for poor working conditions. 6. Skilled manufacturing jobs tend to have the highest unionization rates. Unskilled jobs, such as piece-work in agriculture, don't typically have unionization. This is because it is easier to replace workers that are unskilled.

Related Questions

Navigate

• Browse (All)
• Browse 4
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.