Areas where whole industries disappear will most likely experience ________.

Question

Quizplus · Accepted Answer

When whole industries disappear, workers in those industries may need to transition to other industries, which could lead to increased demand for labor in those industries, resulting in higher wages. However, for workers who are unable to transition, such as those with low levels of education or specialized skills, the decrease in demand for their labor could result in lower wages. Therefore, overall, there may be increases in the wage rate for some workers and decreases for others.

Areas Where Whole Industries Disappear Will Most Likely Experience ________