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In: Economics

3. If workers became more productive (produced more output in the same amount of time), what...

3. If workers became more productive (produced more output in the same amount of time), what would happen to the demand for labor, the wages of labor, and the number of workers employed?

4. Why is it difficult to determine the amount of wage discrimination in the workplace?

Solutions

Expert Solution

3.

Increase in the productivity of labor will makes labors to be efficient and it will increase the demand for labor. As a result, wage of labor will be increased, because higher demand can be catered at higher price even if supply of labor does not change. It will help firms employed more workers as long as their productivity per unit of dollar does not become equal to the productivity of capital per dollar employed.

4.

It is difficult due to reasons as follows:

A. Presence of wage differentials, making people to be choosy of doing one job over the others

B. Different skill sets and quality in skills even if it is at the same level

C. People opting to work in their comfort zone as work from home or flexible shift or not working in the field.

D. Different level of productivity among the workers who work at the same level

Rahul Sunny answered 2 years ago
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