Large-scale immigration into the New World, between 1870 and 1913 caused real wages to:
A) decrease in comparison with Europe.
B) increase at a slower pace in comparison with Europe.
C) increase at a higher pace in comparison with Europe.
D) stay constant.

Question

Quizplus · Accepted Answer

Large-scale immigration into the New World between 1870 and 1913 caused an increase in labor supply, leading to slower wage growth. Therefore, real wages increased at a slower pace in comparison with Europe.

Large-Scale Immigration into the New World, Between 1870 and 1913