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 technique for half a century? (Hint: Do not forget opportunity cost and supply.)
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Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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