Which of the following is the primary source of rapid growth in the real earnings of workers?

Question

Quizplus · Accepted Answer

Rapid growth in worker productivity is the primary source of rapid growth in the real earnings of workers. This means that workers are able to produce more goods and services in the same amount of time, which leads to higher wages as a result of increased demand for their services. Strong unions, government regulation, and increases in the minimum wage may also contribute to higher wages, but these factors are generally not as significant as improvements in worker productivity.

Which of the Following Is the Primary Source of Rapid