*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 half-century? (Hint: Do not forget opportunity cost and supply.)
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Related Book For
Microeconomics Private And Public Choice
ISBN: 9781305506893
16th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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