From 1960 to 2000,inflation-adjusted wages increased by 131 percent in the U.S.As a result,firms reduced the amount of labor they employed by nearly 20 percent.

Question

Quizplus · Accepted Answer

This statement is false. Inflation-adjusted wages did increase during this time period, but there is no evidence to support that firms reduced the amount of labor they employed by nearly 20 percent.

From 1960 to 2000,inflation-Adjusted Wages Increased by 131 Percent in the U.S.As