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For Week 6, you will find two topics. Select one topic, then post and concisely defend your view. You may post to both topics, but
For Week 6, you will find two topics. Select one topic, then post and concisely defend your view. You may post to both topics, but you are only required to select one for your initial post. Be careful to identify the positive reasons for your normative position. Read and respond to your fellow student's postings at will. The topics to choose from are: 1. Examples of Changing Wages.Identify one example of an occupation where the wage has significantly changed over time. Preferably, this is an example that you have observed or desire to research. Be certain to apply the economic analysis of Chapter 28 in your post and tell us: * What you believe was the most significant economic factor that caused the change in the wage. * What are the labor and product markets involved? * Lastly, are there any changes you would favor to any of the laws or regulations that would have stopped that wage change? 2. Determinants of Income Differences.Identify one of the determinants of income differences as enumerated in Chapter 29 that you have personally observed or desire to research. Be certain to tell us: * What you believe was the most significant economic factor in determining the wages for the labor market you selected. * Lastly, are there any changes you would favor to income policies and why
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