Are productivity gains the major source of higher wages? If so, how does one account for the
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Are productivity gains the major source of higher wages? If so, how does one account for the rising real wages of barbers, who, by and large, have used the same techniques for a halfcentury?
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Productivity gains are indeed a significant source of higher wages in many industries but they are not the sole determinant Other factors such as supp...View the full answer
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Related Book For 
Economics Private And Public Choice
ISBN: 9780357133996
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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