Rapid population growth tends to improve the economic status of the average worker compared to that of the owner of capital.

Question

Quizplus · Accepted Answer

Rapid population growth can actually lead to a decrease in wages as it increases the supply of labor, making it easier for employers to pay employees less. On the other hand, the owner of capital may benefit from cheap labor and increased demand for goods and services.

Rapid Population Growth Tends to Improve the Economic Status of the Average