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Econ 9.2

How does the level of men compare to women?:
Women earn about 75% of what men earn
What factors can affect wages?:
minimum wage, safety laws, labor unions
Which of the following is generally considered to be a skilled worker?:
machinist
What is the basic economic principle that decides how high wages will be?:
Supply and demand control wages
What is generally one of the major differences between union and nonunion workers?:
Union workers earn more money for similar work
What is one strategy that employers use to continue to do business despite high wages?:
Replace some of the workers with machines

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