Tuesday, May 14, 2019
Read article and write answers questions Coursework
Read article and write answers questions - Coursework ExampleThe wage increase will be larger in the long run. Absorption of foreign labour into the work force is likely to guinea pig a decline in average wages in the short run because most of the invigoratedfangled immigrants laborers will be paid less than the domestic workers, however, this decline will only be temporary. honorarium would rise greatly in the long run because businesses will begin investing to take favour of the increased labour force.Increased immigration results in an influx of new laborers with a wide station of skills thus promoting specialization. Highly skilled immigrant laborers would generate more productive innovations thus expanding the productivity.Highly skilled and unqualified American workers are likely to gain the least from immigration because they will face stiff rivalry from their respective new immigrants. In addition, their relative income would decline by 0.3% because they are easily re placed by new
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