=+4. Are productivity gains the major source of higher wages? If so, how does one account for

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=+4. 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 half-century?

(Hint: Do not forget opportunity cost and supply.)

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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