The nation’s most unequal state In California, researchers found, it really matters where you live. Residents of Silicon Valley live more than four years longer than the average American, earn nearly double the income, and have nearly triple the number of graduate degrees. Residents of Central Valley live nearly a year less than the average American, earn barely more than a poverty-line income, and nearly four in ten failed to graduate from high school.

Illustrate the labor markets for college graduates in Silicon Valley and high school graduates in Central Valley with a graph.

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FIGURE 20.10 Chapter Checkpoint Assignable Problem II Wage rate (dollars per hour) 35 st 30 25 20 15 10 5 сл + 0 20 40 LS High education LS Low education X + 60 LD High education LD Low education 80 100 120 140 160 Labor (thousands of workers)