As the number of concrete workers in the United States falls, the wage paid to the remaining concrete workers will necessarily fall as well.

Question

Quizplus · Accepted Answer

According to the law of supply and demand, if the number of concrete workers decreases (supply decreases) and the demand for their work remains the same or increases, the wage paid to the remaining concrete workers would likely increase, not fall. This is because the scarcity of workers increases their bargaining power for higher wages.

As the Number of Concrete Workers in the United States