Oatley claims that global wage differences are not caused by different labor market regulations but by
A) desperate uneducated workers in developing countries who are easily manipulated.
B) corporate investors who want higher profits available in developing countries.
C) different levels of productivity.
D) different differentials of living costs compared to wage levels.
E) conservative governments who want to undermine labor movements in their own countries.

Question

Quizplus · Accepted Answer

Oatley argues that global wage differences are caused by different levels of productivity. This means that workers in some countries are able to produce more in a given amount of time than workers in other countries, and therefore, can command higher wages.

Oatley Claims That Global Wage Differences Are Not Caused by Different