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draw a graph to explain how income is distributed between labor and capital before offshore outsourcing.

User Patto
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Final Answer:

Before offshore outsourcing, income distribution between labor and capital was more balanced, with a relatively equitable split between the two factors of production. The graph can be found on the attachment.

Step-by-step explanation:

The graph depicting income distribution between labor and capital before offshore outsourcing typically shows a more balanced division. Labor received a substantial portion of the income, reflecting fair wages and employment opportunities within the local economy. Capital, representing returns on investments and ownership, also claimed a significant but not overwhelming share of the income. This equilibrium often resulted from a more localized production landscape, with companies relying on domestic labor forces and limited global market integration.

This scenario fostered a middle-class-centric economy, with decent wages and job security. However, as globalization and offshore outsourcing increased, the graph trended toward a higher share for capital and a decreasing portion for labor. Offshoring led to cost-cutting measures, lower wages, and job displacement, altering the income distribution significantly in favor of capital.

Income distribution was, therefore, more balanced between labor and capital before offshore outsourcing accelerated.

draw a graph to explain how income is distributed between labor and capital before-example-1
User Linp
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