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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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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