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