8. Using two demand and supply diagrams, one for the low-wage labor market and one for...

8. Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers, but a substitute for low-income workers like file clerks and telephone receptionists.

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Expert Solution

In the commercial center for low compensation work, the interest bend of low pay work will be moved to left as a result of usage of information innovation. the explanation behind this moving is that the usage of information innovation would supplant the use of low compensation work strikingly the jobs like phonephone secretary or the clerk.

Aside from this, the use of information innovation encourages the organizations to claim a progressively hearty affiliation the board with low compensation work in elective nations thus the interest of low pay work will be diminished inside the economy.

When we comment the high pay work, the interest bend of the high compensation work can move to the right in view of usage of information innovation. The profitability of high pay work will be improved by the execution of information innovation thus they'll be prepared to deal with a great deal of assignments than previously.

Rahul Sunny answered 11 months ago

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