The demand for skilled workers in the United States has been increasing. To increase the supply...

The demand for skilled workers in the United States has been increasing. To increase the supply of skilled workers, many argue that immigration reform to allow more skilled labor into the United States is needed. Explain whether you agree or disagree. Be thorough please.

Expert Solution

yes, I agree with the statement that immigration reform is needed for the benefit of the United States. the reason is this that if UNited States allow for the immigration then there will be more production of those products that requires more skills. in this way we will be able to export more to the world market. if we do not allow the immigration then world market in those sectors will be captured by some other countries. or atleast we will face severe compition in world market. hence allowing for the mobility of the factors of the inputs is in the interest of the United States. anyway, if firms here do not find immigration useful then they will not demand skilled workers. in this way opening the economy for immigation will not have any bad effect on United States. on the top of this if countrymen of United States are not acquiring skill but they are getting job in the skilled oriented sectors then they are making industry efficient in the world market. may be because of opening of the economy for the immigration will make countrymen more skilled because of competition.

Rahul Sunny answered 2 years ago

Suppose labor demand for low-skilled workers in the United States is w = 24 - 0.1L...

Suppose labor demand for low-skilled workers in the United States is w = 24 - 0.1L where L is the number of workers (in millions) and w is the hourly wage. There are 120 million domestic U.S. low-skilled workers who supply labor inelastically. If the U.S. opened its borders to immigration, 20 million low-skilled immigrants would enter the U.S. and supply labor inelastically. Draw a clearly labeled graph showing the equilibrium before immigration and the effect of opening the borders....

The value placed on health has been increasing in the United States. Describe the effects of...

The value placed on health has been increasing in the United States. Describe the effects of this trend on marketing efforts.

In the United States when the demand for mortgages outstripped the supply of money in the...

In the United States when the demand for mortgages outstripped the supply of money in the financial markets, creative methods such as the development of secondary markets and mortgage backed securities were developed. Discuss what effect these financing arrangements might have on the accountability of the borrower. Answer in atleast 150 words.

. Draw a diagram showing the demand and supply for aluminum in the United States. Assume...

. Draw a diagram showing the demand and supply for aluminum in the United States. Assume the United States can import as much as it wants at the world price of aluminum without causing the price to increase; and assume that the world price is lower than the U.S. equilibrium price. Be sure to indicate on your graph the quantity of aluminum imported. (Feel free to use hypothetical numbers.) Be sure to briefly describe your diagram in words. 2. Now...

Consider the markets for low-skilled and high-skilled labor in the United States. Describe how each of...

Consider the markets for low-skilled and high-skilled labor in the United States. Describe how each of the following developments is likely to affect the wages of low-skilled workers relative to high-skilled workers. a) There is an increased demand for apps and smart appliances, which are produced by high-skilled workers. b) The government pays employers a subsidy for each low-skilled worker they employ. c) Some low-skilled workers get more education, and so become high-skilled workers.

The United States imports cheese from a variety of countries. The table gives the domestic supply of, and demand for, cheese in the United States.

Price (dollars per pound)Quantity supplied (thousands of pounds per year)Quantity demanded (thousands of pounds per year)21120601810010015801401260180940220The United States imports cheese from a variety of countries. The table gives the domestic supply of, and demand for, cheese in the United States. The world price of cheese is $12 per pound, and trade is unrestricted.a. How many pounds of cheese are consumed in the U.S?b. How many pounds of cheese are produced in the U.S?c. How many pounds of cheese are imported...

There has been an increase in the wage inequality (gap between the skilled and unskilled wage)...

There has been an increase in the wage inequality (gap between the skilled and unskilled wage) in the U.S. over the last 30 years. Can international trade be a cause of the rising inequality? Explain by appealing to the theories of trade that you have learnt in class. What do you think is the most plausible explanation for the rising inequality

7) Consider the markets for low-skilled and high-skilled labor in the United States. Draw two graphs...

7) Consider the markets for low-skilled and high-skilled labor in the United States. Draw two graphs how each of the following is likely to affect the wages of low-skilled workers relative to high-skilled workers. a) Suppose that the government decided to approve more H-1B visa for high-skilled workers. In other words, more high-skilled workers come to the U.S. from foreign countries. b) The aging of the U.S. population increases the demand for services such as home health care, home maintenance,...

10. Suppose the domestic supply (QS) and demand (QD) for skateboards in the United States are...

10. Suppose the domestic supply (QS) and demand (QD) for skateboards in the United States are given by the following set of equations: QS = –60 + 3P QD = 390 – 2P In the absence of trade with the rest of the world, the consumer surplus in the United States skateboard market equals _____ and the producer surplus equals_____. a. $7,050; $11,525 b. $31,500; $9,450 c. $20,474; $7,350 d. $11,025; $7,350 11. Suppose the domestic supply (QS) and demand...

Assume the market demand and market supply functions for pears in the United States are given...

Assume the market demand and market supply functions for pears in the United States are given by Q^D= 32-4p and Q^S= -8+4p, respectively. p represents the price of pears. 1) Find producer and consumer surplus when the market is in equilibrium. 2) Suppose the federal government introduces a consumer subsidy program that that pays consumers buying pears 30 cents (effectively reducing consumer price) if the market price is above $5. a. Compute and graphically show the impact of the program...

Question