Since 1980 the real wages of unskilled workers in most of Western Europe have ________ and this helps explain why their unemployment rates have ________.

Question

Quizplus · Accepted Answer

Since 1980, the real wages of unskilled workers in most of Western Europe have not fallen, and this has contributed to rising unemployment rates among this group. High wage floors can lead to higher unemployment if wages are kept above the equilibrium level where supply meets demand.

Since 1980 the Real Wages of Unskilled Workers in Most