*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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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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