HISTORY-- Which New Deal program sought to make it
easier for workers to organize into unions by prohibiting employers
from firing or retaliating against workers for attempts at
unionization?
A.
the Glass-Steagal Act
B.
the National Labor Relations Act / “Wagner Act”
C.
the Public Works Administration
D.
the Resettlement Administration
Borjas (2003) argues that immigration into the U.S. increased
the supply of unskilled workers by 11% between 1980 and 2000, and
reduced the wage of locally-born unskilled workers by
3.2%. Does this information allow us to make any
inferences about the elasticity of supply or
demand? Which curve (or curves) changed, and
why? Illustrate with a supply and demand
diagram.
Belgium is relatively well-endowed
with skilled workers compared to China, which is relatively
well-endowed with unskilled workers. Assume that the production of
pharmaceutical products intensively uses skilled workers while toys
intensively use unskilled workers.
a. Which
country would you expect to have a higher relative wage in skilled
labor with no trade?
b. Which country has the higher
relative price of pharmaceutical products prior to trading?
Under free trade, which country experiences an increase in the
relative wage of skilled...
Why didn’t the colonial workers organize throughout the colonial
period? Why did they start to organize during the antebellum
period? Explain in about 5-10 sentences.
Why would a decrease in the wage of unskilled workers in the
United States due to competition with workers abroad be expected to
increase the number of such workers employed relative to the number
of skilled workers in a particular industry?
Market for unskilled labor is perfectly competitive: there are
lots of potential workers and lots of employers needing such work.
Suppose supply of unskilled labor is given by Qs = 10W
and demand for labor is given by Qd = 240−20W, where W
is the hourly wage and Q is the number of hours (in thousands).
Keep in mind that workers represent supply of labor, while firms
are on the demand side here.
(a) Find the equilibrium wage and number...
15. Suppose the wage of unskilled workers is equal to the
minimum wage. If a tax on labor is levied on _____, the presence of
the minimum wage _____.
a. workers; does not affect the tax burden of workers b.
workers; reduces the tax burden of workers
c. firms; reduces the tax burden of firms
d. firms; does not affect the tax burden of firms
2. You are the manager of Lewis Co., Ltd. that currently uses 17
unskilled workers and 6 skilled workers. Your company pays its
unskilled workers the minimum wage but pays the skilled workers
$9.75 per hour. Thanks to the new government legislation, the
minimum wage in Illinois will increase from $7.25 per hour to $8.15
per hour (the values are hypothetical).a. How will the new government legislation affect your
optimal mix of inputs in the short run? Explain why.b. How...
In response to growing concern about a ‘wage gap’ between
skilled and unskilled workers, candidate Hiram Bloviate has offered
two alternative proposals designed to close the wage gap by making
low wage workers more attractive to employers. • The first is to
remove the cap on the amount of worker wages subject to the
employer paid portion of the Social Security tax (the current cap
is around $100,000), as well as eliminating the deductibility of
capital expenditures (that is, employers can...