All else equal,the wage paid to steelworkers in Youngstown,Ohio will be lower if:

Question

Quizplus · Accepted Answer

A lower cost of living in Youngstown, Ohio, means that workers can afford to accept lower wages because their expenses for things like housing, food, and transportation are less compared to areas with a higher cost of living. This makes it economically feasible for employers to offer lower wages while still attracting and retaining employees.

All Else Equal,the Wage Paid to Steelworkers in Youngstown,Ohio Will