Welding has changed dramatically over the last decade with more welding jobs dependent on the use of computers. Computers are a complement only for high-skilled welders, so as more welding companies buy computers the wages of high-skilled welders will ________ and the wages of low-skilled welders will ________.
A) fall; rise
B) rise; fall
C) fall; fall
D) rise; rise
Correct Answer:
Verified
Q145: High skilled labor and information technology are
Q146: Because skills are costly to obtain, at
Q147: Information technologies are a _ for low-skilled
Q148: Relative to the demand curve for low-skilled
Q149: The wage rate for high-skilled labor is
Q151: One possible reason the U.S. income distribution
Q152: The demand curve for high-skilled labor lies
Q153: Welding has changed dramatically over the last
Q154: Computers and laser scanners are _ for
Q155: Because of their higher value of marginal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents