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Holding other factors constant, if the education and skills of the typical worker in an economy increases, then the real wages of workers will ______ and employment of workers will _____.
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Holding other factors constant, if the education and skills of the typical worker in an economy increases, then the real wages of workers will ______ and employment of workers will _____.

User Andelas
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1 Answer

3 votes

Answer:

.increase; increase

Step-by-step explanation:

Increase in education means increases in productivity all things being equal. This increase in productivity will lead to more demand for labor as the market will be attracted by the quality of labor.

The increase in demand for labor will lead to increase in wages all things being equal. This means the demand curve for labor will shift to the right.

User Yuchen Wang
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