Imagine that you could travel back in time to another era, bringing with you all the knowledge you have from the modern age. Your wage in the older era might be higher because people with your knowledge were in short supply then. But why might your wage also be lower?

Question

Quizplus · Accepted Answer

While it is possible that wages could be higher in the old era due to a scarcity of people with modern knowledge and skills, it is more likely that wages could also be lower because the overall productivity of the economy in the past was lower than that of the modern era. This could be due to factors such as limited technology and infrastructure.

Imagine That You Could Travel Back in Time to Another