The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-The principal argument against comparable worth is that the demand and supply of labor in the labor market allocates workers to where they are needed the most.

Question

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6
 
-The principal argument against comparable worth is that the demand and supply of labor in the labor market allocates workers to where they are needed the most.

Quizplus · Accepted Answer

The demand and supply curves in the labor market determine wages and allocate workers based on where they are needed the most. The argument against comparable worth is that it artificially interferes with this market mechanism by attempting to equalize wages for jobs of equal value, regardless of market demand and supply.

The Following Figures Show the Demand (D) and Supply (S)