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The owners of a factory have installed several high-tech machines and automated some workflows. Before the updates, the original equilibrium salary for low-skill workers was

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The owners of a factory have installed several high-tech machines and automated some workflows. Before the updates, the original equilibrium salary for low-skill workers was $75,000 per year, and the original equilibrium quantity was 45,000 workers. For high-skill workers, the original equilibrium salary was $86,000 per year, and the original equilibrium quantity was 19,000 workers. Each additional/diminished $5,000 to their salaries causes the difference between the quantity supplied and the quantity demanded to gradually change by 2,000 workers. Calculate the new equilibrium salary for both labor markets, considering that the effect on them amounted to 10 %. Enter your answers in the boxes below. Answer Keypad Keyboard Shortcut Low-skill labor: $ High-skill labor: S

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