falling wages

Which Factor Is One That Has Been Associated With The Increase In Income Inequality In The United States?

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Which Factor Is One That Has Been Associated With The Increase In Income Inequality In The United States? Income inequality has increased in the United States over the past 30 years, as income has flowed unequally to those at the very top of the income spectrum. Current economic literature largely points to three explanatory causes

What Happens To Equilibrium Wage During A Recession?

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What Happens To Equilibrium Wage During A Recession? The equilibrium wage rate and employment level are shown in Figure 1. Figure 1. … Conversely, if firms perceive that the economy is slowing down or entering a recession, then they will wish to hire a lower quantity of labor at any given wage, and the labor